218 W Walt Haven DrLeicesterNC28748
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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 218 W Walt Haven Dr, Leicester, NC, 28748 offers $1,955/mo rent that, after a $1,419/mo payment, leaves $188/mo cash flow. Total monthly income is $1,955/mo, and annual cash flow is $2,256/yr on $96,135 cash. Return on cash invested measures 22.26% in year one, and rental yield stands at 8.09% at a $290,000 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,122 by year five. Five-year ROI records 115.28% and total cumulative return in cash reaches $110,824. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,955/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1996
1.38 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: Preston Mayfield • Keller Williams - Black Mtn.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320386