260 Penninger DrWoodleafNC27054
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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 Woodleaf at 260 Penninger Dr, Woodleaf, NC, 27054 priced at $290,616 converts $1,981/mo rent into $210/mo cash flow after a $1,422/mo obligation. Total monthly income equals $1,981/mo, and annual cash flow totals $2,523/yr on $96,339 invested. Return on cash invested prints 22.53% in year one, and rental yield reads 8.18% against a $290,616 entry. Equity gained on principal adds $1,875/yr, while 5% annual appreciation compiles into $80,292 by year five. Five-year ROI reaches 116.78% and total cumulative return in cash sums $112,506. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,981/mo property income covering a $1,422/mo payment, not borrower’s personal income.
Single Family
Built in 1950
36.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27054, Woodleaf, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,173 (100%) |
| Owner Occupied HU | 864 (73.7%) |
| Renter Occupied HU | 226 (19.3%) |
| Vacant Housing Units | 83 ( 7.1%) |
| Median Home Value | $241,613 |
| Average Home Value | $344,630 |
Housing Distribution
Address Breakdown
Residential
1,037
Single Family
1,037
Multi-Family
0
Businesses
70
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