9379 Merrywood Drive NELelandNC28451
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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 Leland at 9379 Merrywood Drive NE, Leland, NC, 28451 uses $49,692 cash to close to unlock $3,241/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $1,184/mo, and a $734/mo payment keeps the spread at $270/mo. Purchase price stands at $149,900, and rental yield measures 9.48% with $1,184/mo rent. Return on cash invested shows 26.43% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 137.79% and total cumulative return in cash records $68,471. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,184/mo property income covering a $734/mo payment rather than investor’s personal income.
Manufactured
Built in 1996
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28451, Leland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,676 (100%) |
| Owner Occupied HU | 15,987 (67.5%) |
| Renter Occupied HU | 5,229 (22.1%) |
| Vacant Housing Units | 2,460 (10.4%) |
| Median Home Value | $376,128 |
| Average Home Value | $424,214 |
Housing Distribution
Address Breakdown
Residential
22,396
Single Family
21,355
Multi-Family
1,041
Businesses
874
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Listed by: Jim Lunsford • NorthGroup Real Estate LLC
Mls Name: Hive MLS
Mls ID: #100528604