61 Frisbee RdLeicesterNC28748
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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
Total monthly income runs $2,575/mo, and a $2,521/mo payment. Purchase price stands at $515,000, and rental yield measures 6% with $2,575/mo rent. Return on cash invested shows 16.07% in year one, and 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 82.06% and total cumulative return in cash records $139,045. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,575/mo property income covering a $2,521/mo payment rather than investor’s personal income.
Single Family
Built in 1967
2.69 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
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Listed by: Jessica Stringfield • Patton Allen Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4311055