3284 Gardenwood DriveLelandNC28451
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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 Leland at 3284 Gardenwood Drive, Leland, NC, 28451 priced at $425,000 converts $3,538/mo rent into $948/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,538/mo, and annual cash flow totals $11,376/yr on $140,888 invested. Return on cash invested prints 27.98% in year one, and rental yield reads 9.99% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 146.01% and total cumulative return in cash sums $205,709. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,538/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Townhouse
Built in 2008
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28451, Leland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,676 (100%) |
| Owner Occupied HU | 15,987 (67.5%) |
| Renter Occupied HU | 5,229 (22.1%) |
| Vacant Housing Units | 2,460 (10.4%) |
| Median Home Value | $376,128 |
| Average Home Value | $424,214 |
Housing Distribution
Address Breakdown
Residential
22,396
Single Family
21,355
Multi-Family
1,041
Businesses
874
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Listed by: James M Diaz • Coldwell Banker Sea Coast Advantage-Leland
Mls Name: Hive MLS
Mls ID: #100505540