81 Garnet DrLeicesterNC28748
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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 Leicester at 81 Garnet Dr, Leicester, NC, 28748 priced at $879,000 converts $3,168/mo rent into after a $4,302/mo obligation. Total monthly income equals $3,168/mo. Return on cash invested prints 10.98% in year one, and rental yield reads 4.32% against a $879,000 entry. Equity gained on principal adds $5,672/yr, while 5% annual appreciation compiles into $242,851 by year five. Five-year ROI reaches 54.8% and total cumulative return in cash sums $158,466. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,168/mo property income covering a $4,302/mo payment, not borrower’s personal income.
Single Family
Built in 1991
14.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28748, Leicester, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,308 (100%) |
| Owner Occupied HU | 4,298 (68.1%) |
| Renter Occupied HU | 1,490 (23.6%) |
| Vacant Housing Units | 520 ( 8.2%) |
| Median Home Value | $394,374 |
| Average Home Value | $460,623 |
Housing Distribution
Address Breakdown
Residential
5,440
Single Family
5,440
Multi-Family
0
Businesses
193
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Nearby investment properties with comparable prices
Listed by: Chip Knight • Diamond Real Estate Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4281665