805 E Leonard StreetSouthportNC28461
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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 $2,194/mo, and a $2,570/mo payment. Purchase price stands at $525,000, and rental yield measures 5.01% with $2,194/mo rent. Return on cash invested shows 13.07% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 66.01% and total cumulative return in cash records $114,021. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,194/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Single Family
Built in 2013
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28461, Southport, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,314 (100%) |
| Owner Occupied HU | 11,104 (68.1%) |
| Renter Occupied HU | 1,964 (12.0%) |
| Vacant Housing Units | 3,246 (19.9%) |
| Median Home Value | $469,776 |
| Average Home Value | $516,669 |
Housing Distribution
Address Breakdown
Residential
13,317
Single Family
12,553
Multi-Family
764
Businesses
886
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Listed by: Helen J Wils • HAVEN Realty Co.
Mls Name: Hive MLS
Mls ID: #100543271