7762 Pennycress Drive Unit 631LelandNC28451
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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 7762 Pennycress Drive Unit 631, Leland, NC, 28451 listed at $289,999 pairs $2,400/mo rent with a $1,419/mo payment to leave $633/mo cash flow. Total monthly income runs $2,400/mo, and annual cash flow reaches $7,596/yr on $96,135 cash to close. Return on cash invested measures 27.81% in year one, and rental yield registers 9.93% at a $289,999 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,121 by year five. Five-year ROI tracks 145.08% and total cumulative return in cash totals $139,468. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2025
4,356 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: Team D.R. Horton • D.R. Horton, Inc
Mls Name: Hive MLS
Mls ID: #100517537