1130 Spring Glen CourtLelandNC28451
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Leland at 1130 Spring Glen Court, Leland, NC, 28451 earns $232/mo cash flow from $3,085/mo rent with a $2,291/mo payment. Total monthly income totals $3,085/mo, and annual cash flow totals $2,789/yr on $155,142 capital. ROI tracks 21.71% on current figures, and rental yield reads 7.91% at a $468,000 purchase. Equity gained on principal adds $3,020/yr, and 5% annual appreciation supports $129,300 over five years. Five-year ROI reaches 112.37% and total cumulative return in cash sums $174,329. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,085/mo property income instead of your personal income.
Single Family
Built in 2006
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28451, Leland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,676 (100%) |
| Owner Occupied HU | 15,987 (67.5%) |
| Renter Occupied HU | 5,229 (22.1%) |
| Vacant Housing Units | 2,460 (10.4%) |
| Median Home Value | $376,128 |
| Average Home Value | $424,214 |
Housing Distribution
Address Breakdown
Residential
22,396
Single Family
21,355
Multi-Family
1,041
Businesses
874
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Listed by: Rasa Love • RE/MAX Essential
Mls Name: Hive MLS
Mls ID: #100542717