780 Skipper Street NELelandNC28451
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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
Rental property for sale in Leland at 780 Skipper Street NE, Leland, NC, 28451 priced at $202,000 pairs $1,542/mo rent with $311/mo cash flow after a $989/mo payment. Total monthly income equals $1,542/mo, and annual cash flow comes to $3,727/yr on $66,963 invested. Return on cash invested is 25.48% in year one, and rental yield stands at 9.16% on a $202,000 basis. Equity gained on principal adds $1,303/yr, and 5% annual appreciation accumulates to $55,809 by year five. Five-year ROI measures 132.59% and total cumulative return in cash reaches $88,788. For financing, Ziffy Mortgage’s DSCR program evaluates $1,542/mo property income against a $989/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1989
0.35 Acres 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: Rhe K Helms • Coastal Lights Realty
Mls Name: Hive MLS
Mls ID: #100547380