411 S Central AveLandisNC28088
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 Landis at 411 S Central Ave, Landis, NC, 28088 generates $1,606/mo in rent and, after a $1,199/mo payment, leaves $113/mo in cash flow. Total monthly income is $1,606/mo, and annual cash flow is $1,356/yr on $81,218 invested. Return on cash invested sits at 21.58% in year one, and rental yield is 7.87% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 111.66% and total cumulative return in cash sums $90,684. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,606/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
0.33 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Wishon • Keller Williams Premier
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4273594