1180 Red Bay PlaceLelandNC28451
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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 Leland at 1180 Red Bay Place, Leland, NC, 28451 offers $2,100/mo rent that, after a $1,640/mo payment. Total monthly income is $2,100/mo. Return on cash invested measures 17.55% in year one, and rental yield stands at 7.52% at a $335,000 entry. Equity gained on principal adds $2,162/yr while 5% annual appreciation compounds into $92,554 by year five. Five-year ROI records 91.16% and total cumulative return in cash reaches $101,240. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,100/mo property income versus a $1,640/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2017
1,742 sqft lot
$N/A/sqft
$3,316 annually 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: Jessica Daniel • Coldwell Banker Sea Coast Advantage
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100488636
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-02-21 19:29:36 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2025-02-21 19:29:36 PST Hive MLS