119 Red Leaf DrKingNC27021
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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 King at 119 Red Leaf Dr, King, NC, 27021 offers a 5.48% rental yield on a $420,140 purchase with $1,920/mo rent. 39% in year one. Equity gained on principal adds $2,711/yr while 5% annual appreciation supports $116,077 over five years. Portfolio math shows five-year ROI at 73.13% and total cumulative return in cash at $101,859. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,920/mo property income against a $2,056/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27021, King, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,033 (100%) |
| Owner Occupied HU | 5,671 (70.6%) |
| Renter Occupied HU | 1,802 (22.4%) |
| Vacant Housing Units | 560 ( 7.0%) |
| Median Home Value | $214,443 |
| Average Home Value | $246,078 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
7,325
Multi-Family
203
Businesses
480
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Listed by: Elizabeth Ward • DR Horton
Mls Name: Triad MLS
Mls ID: #1197506