4834 Grinders Way NELelandNC28451
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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 Leland at 4834 Grinders Way NE, Leland, NC, 28451 offers a 8.39% rental yield on a $215,000 purchase with $1,503/mo rent. Total monthly income registers $1,503/mo, and a $1,052/mo payment leaves $193/mo available for distribution. Annual cash flow reaches $2,316/yr on $71,273 to close, and return on cash invested stands at 23.16% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 120.13% and total cumulative return in cash at $85,621. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,503/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2010
0.65 Acres 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: Chelsea R Kurtz • Coldwell Banker Sea Coast Advantage-Hampstead
Mls Name: Hive MLS
Mls ID: #100538160