321 N Kimmons StLandisNC28088
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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 Landis at 321 N Kimmons St, Landis, NC, 28088 listed at $289,500 pairs $2,243/mo rent with a $1,417/mo payment to leave $479/mo cash flow. Total monthly income runs $2,243/mo, and annual cash flow reaches $5,743/yr on $95,969 cash to close. Return on cash invested measures 25.89% in year one, and rental yield registers 9.3% at a $289,500 basis. Equity gained on principal adds $1,868/yr, and annual property appreciation at 5% supports $79,984 by year five. Five-year ROI tracks 134.83% and total cumulative return in cash totals $129,399. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,243/mo property income relative to a $1,417/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28088, Landis, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,635 (100%) |
| Owner Occupied HU | 1,131 (69.2%) |
| Renter Occupied HU | 379 (23.2%) |
| Vacant Housing Units | 125 ( 7.6%) |
| Median Home Value | $324,240 |
| Average Home Value | $334,127 |
Housing Distribution
Address Breakdown
Residential
1,450
Single Family
1,450
Multi-Family
0
Businesses
134
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Listed by: Ronny Mino • Mino Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4303853