601 S Chapel 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 601 S Chapel St, Landis, NC, 28088 with 5% annual appreciation on a $289,000 basis while $2,078/mo rent supports operations. Total monthly income totals $2,078/mo and a $1,415/mo payment preserves $316/mo for cash returns. Annual cash flow comes to $3,794/yr on $95,804 deployed, and return on cash invested reaches 23.87% in year one. Equity gained on principal adds $1,865/yr, and five-year appreciation sums $79,845 alongside rental yield of 8.63%. Five-year ROI measures 124.01% and total cumulative return in cash totals $118,802.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,078/mo property income versus a $1,415/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1938
0.34 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: Chris Morgan • Larry McGuire Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4282533