406 E Corriher 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 406 E Corriher St, Landis, NC, 28088 uses $87,848 cash to close to unlock $4,320/yr annual cash flow and $360/mo monthly cash flow. Total monthly income runs $1,975/mo, and a $1,297/mo payment keeps the spread at $360/mo. Purchase price stands at $265,000, and rental yield measures 8.94% with $1,975/mo rent. Return on cash invested shows 24.83% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 129.08% and total cumulative return in cash records $113,391. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,975/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1999
0.21 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: Ciera Smith-Burch • Lantern Realty & Development, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4319132