27 Ridge Glen LnLeicesterNC28748
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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 $4,420/mo, and a $4,772/mo payment. Purchase price stands at $975,000, and rental yield measures 5.44% with $4,420/mo rent. Return on cash invested shows 14.37% in year one, and 5% annual appreciation builds toward $269,375 over five years. Five-year ROI reaches 72.96% and total cumulative return in cash records $234,027. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,420/mo property income covering a $4,772/mo payment rather than investor’s personal income.
Single Family
Built in 2017
1.08 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: Andrey Chistol • EXP Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4304688