315 Earlys Mountain RdLeicesterNC28748
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 315 Earlys Mountain Rd, Leicester, NC, 28748 offers $3,340/mo rent that, after a $9,177/mo payment. Total monthly income is $3,340/mo. Return on cash invested measures 4.4% in year one, and rental yield stands at 2.14% at a $1,875,000 entry. Equity gained on principal adds $12,099/yr while 5% annual appreciation compounds into $518,028 by year five. Five-year ROI records 19.42% and total cumulative return in cash reaches $117,986. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,340/mo property income versus a $9,177/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
29.53 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Holly Martin • Carolina Mountain Sales
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4295001