9002 State Highway 119 NLeasburgNC27291
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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 Leasburg at 9002 State Highway 119 N, Leasburg, NC, 27291 generates $784/mo in rent and, after a $489/mo payment, leaves $175/mo in cash flow. Total monthly income is $784/mo, and annual cash flow is $2,100/yr on $33,150 invested. Return on cash invested sits at 26.24% in year one, and rental yield is 9.41% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 136.66% and total cumulative return in cash sums $45,304. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $784/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27291, Leasburg, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,025 (100%) |
| Owner Occupied HU | 601 (58.6%) |
| Renter Occupied HU | 190 (18.5%) |
| Vacant Housing Units | 234 (22.8%) |
| Median Home Value | $246,845 |
| Average Home Value | $333,898 |
Housing Distribution
Address Breakdown
Residential
736
Single Family
736
Multi-Family
0
Businesses
25
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Listed by: Melissa H White • Keller Williams Central
Mls Name: Doorify MLS
Mls ID: #10137940