153 Pier Landing LoopSouth MillsNC27976
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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 South Mills at 153 Pier Landing Loop, South Mills, NC, 27976 listed at $449,900 pairs $3,541/mo rent with a $2,202/mo payment to leave $799/mo cash flow. Total monthly income runs $3,541/mo, and annual cash flow reaches $9,589/yr on $149,142 cash to close. Return on cash invested measures 26.34% in year one, and rental yield registers 9.44% at a $449,900 basis. Equity gained on principal adds $2,903/yr, and annual property appreciation at 5% supports $124,299 by year five. Five-year ROI tracks 137.22% and total cumulative return in cash totals $204,646. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,541/mo property income relative to a $2,202/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27976, South Mills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,672 (100%) |
| Owner Occupied HU | 1,372 (82.1%) |
| Renter Occupied HU | 233 (13.9%) |
| Vacant Housing Units | 67 ( 4.0%) |
| Median Home Value | $343,229 |
| Average Home Value | $360,955 |
Housing Distribution
Address Breakdown
Residential
1,432
Single Family
1,432
Multi-Family
0
Businesses
43
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Listed by: Melissa Boyce • EXP Realty LLC
Mls Name: REIN Inc.
Mls ID: #10616492