117 Tomato Town RdLeicesterNC28748
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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
Rental property for sale in Leicester at 117 Tomato Town Rd, Leicester, NC, 28748 generates $2,212/mo in rent, after a $5,139/mo payment. Total monthly income is $2,212/mo. Return on cash invested sits at 5.6% in year one, and rental yield is 2.53% on a $1,050,000 entry. Equity gained on principal adds $6,775/yr, while 5% annual appreciation builds toward $290,096 over five years. Five-year ROI reaches 25.88% and total cumulative return in cash sums $88,049. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,212/mo property income rather than buyer’s personal income.
Multi Family
Built in 2016
1.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28748, Leicester, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,308 (100%) |
| Owner Occupied HU | 4,298 (68.1%) |
| Renter Occupied HU | 1,490 (23.6%) |
| Vacant Housing Units | 520 ( 8.2%) |
| Median Home Value | $394,374 |
| Average Home Value | $460,623 |
Housing Distribution
Address Breakdown
Residential
5,440
Single Family
5,440
Multi-Family
0
Businesses
193
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Listed by: Devin Hutchinson • Southern Roots Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4317111