114 N Chapel StLandisNC28088
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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 Landis at 114 N Chapel St, Landis, NC, 28088 offers a 9.13% rental yield on a $125,000 purchase with $951/mo rent. Total monthly income registers $951/mo, and a $612/mo payment leaves $189/mo available for distribution. Annual cash flow reaches $2,268/yr on $41,438 to close, and return on cash invested stands at 25.38% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 132.04% and total cumulative return in cash at $54,713. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $951/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28088, Landis, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,635 (100%) |
| Owner Occupied HU | 1,131 (69.2%) |
| Renter Occupied HU | 379 (23.2%) |
| Vacant Housing Units | 125 ( 7.6%) |
| Median Home Value | $324,240 |
| Average Home Value | $334,127 |
Housing Distribution
Address Breakdown
Residential
1,450
Single Family
1,450
Multi-Family
0
Businesses
134
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Listed by: Bob Lhuillier • Keller Williams Unified
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328744