7470 Julius Drive NE #30LelandNC28451
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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 7470 Julius Drive NE #30, Leland, NC, 28451 uses $115,362 cash to close to unlock $4,721/yr annual cash flow and $393/mo monthly cash flow. Total monthly income runs $2,514/mo, and a $1,703/mo payment keeps the spread at $393/mo. Purchase price stands at $348,000, and rental yield measures 8.67% with $2,514/mo rent. Return on cash invested shows 24% in year one, and 5% annual appreciation builds toward $96,146 over five years. Five-year ROI reaches 124.68% and total cumulative return in cash records $143,830. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,514/mo property income covering a $1,703/mo payment rather than investor’s personal income.
Single Family
Built in 2026
5,662 sqft 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: Logan Homes Team • Coldwell Banker Sea Coast Advantage
Mls Name: Hive MLS
Mls ID: #100544582