829 Georgia Oak LnLandisNC28088
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Landis at 829 Georgia Oak Ln, Landis, NC, 28088 priced at $318,000 pairs $2,222/mo rent with $284/mo cash flow after a $1,556/mo payment. Total monthly income equals $2,222/mo, and annual cash flow comes to $3,413/yr on $105,417 invested. Return on cash invested is 23.15% in year one, and rental yield stands at 8.38% on a $318,000 basis. Equity gained on principal adds $2,052/yr, and 5% annual appreciation accumulates to $87,858 by year five. Five-year ROI measures 120.11% and total cumulative return in cash reaches $126,611. For financing, Ziffy Mortgage’s DSCR program evaluates $2,222/mo property income against a $1,556/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2018
0.15 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: Jennifer Wheat • S and B Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4310446