805 E Mills DrLandisNC28088
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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 Landis at 805 E Mills Dr, Landis, NC, 28088 earns $412/mo cash flow from $2,362/mo rent with a $1,566/mo payment. Total monthly income totals $2,362/mo, and annual cash flow totals $4,944/yr on $106,080 capital. ROI tracks 24.57% on current figures, and rental yield reads 8.86% at a $320,000 purchase. Equity gained on principal adds $2,065/yr, and 5% annual appreciation supports $88,410 over five years. Five-year ROI reaches 127.7% and total cumulative return in cash sums $135,459. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,362/mo property income instead of your personal income.
Single Family
Built in 2024
0.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28088, Landis, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,635 (100%) |
| Owner Occupied HU | 1,131 (69.2%) |
| Renter Occupied HU | 379 (23.2%) |
| Vacant Housing Units | 125 ( 7.6%) |
| Median Home Value | $324,240 |
| Average Home Value | $334,127 |
Housing Distribution
Address Breakdown
Residential
1,450
Single Family
1,450
Multi-Family
0
Businesses
134
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Listed by: Jake Shell • Premier Sotheby's International Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301581