603 W Rice StLandisNC28088
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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 Landis at 603 W Rice St, Landis, NC, 28088 offers a 8.36% rental yield on a $355,000 purchase with $2,473/mo rent. Total monthly income registers $2,473/mo, and a $1,738/mo payment leaves $309/mo available for distribution. Annual cash flow reaches $3,708/yr on $117,683 to close, and return on cash invested stands at 23.06% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,080 over five years. Portfolio math shows five-year ROI at 119.61% and total cumulative return in cash at $140,760. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,473/mo property income against a $1,738/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
0.46 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: Tara Bartlett • Austin-Barnett Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330858