1341 Leonard Road #A-2HighlandsNC28741
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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
Total monthly income runs $2,248/mo, and a $4,625/mo payment. Purchase price stands at $945,000, and rental yield measures 2.85% with $2,248/mo rent. Return on cash invested shows 6.51% in year one, and 5% annual appreciation builds toward $261,086 over five years. Five-year ROI reaches 30.82% and total cumulative return in cash records $95,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,248/mo property income covering a $4,625/mo payment rather than investor’s personal income.
Condo
Built in 1980
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28741, Highlands, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,339 (100%) |
| Owner Occupied HU | 1,493 (23.6%) |
| Renter Occupied HU | 393 ( 6.2%) |
| Vacant Housing Units | 4,453 (70.2%) |
| Median Home Value | $635,060 |
| Average Home Value | $737,612 |
Housing Distribution
Address Breakdown
Residential
3,186
Single Family
2,789
Multi-Family
397
Businesses
416
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Listed by: Debra Coffeen • Country Club Properties - Main
Mls Name: HCMLS
Mls ID: #1002278