51 Farmstead RdLeicesterNC28748
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
Investment property for sale in Leicester at 51 Farmstead Rd, Leicester, NC, 28748 offers a 10.84% rental yield on a $309,999 purchase with $2,801/mo rent. Total monthly income registers $2,801/mo, and a $1,517/mo payment leaves $912/mo available for distribution. Annual cash flow reaches $10,944/yr on $102,765 to close, and return on cash invested stands at 30.56% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 159.82% and total cumulative return in cash at $164,239. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,801/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2001
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28748, Leicester, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,308 (100%) |
| Owner Occupied HU | 4,298 (68.1%) |
| Renter Occupied HU | 1,490 (23.6%) |
| Vacant Housing Units | 520 ( 8.2%) |
| Median Home Value | $394,374 |
| Average Home Value | $460,623 |
Housing Distribution
Address Breakdown
Residential
5,440
Single Family
5,440
Multi-Family
0
Businesses
193
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lauren June Butler • Epique Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4280263