Kensington Plan, True Homes On Your Lot - WaterfordLelandNC28451
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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
Total monthly income equals $3,601/mo, and annual cash flow totals $8,548/yr on $157,098 invested. Return on cash invested prints 25.35% in year one, and rental yield reads 9.12% against a $473,900 entry. Equity gained on principal adds $3,058/yr, while 5% annual appreciation compiles into $130,930 by year five. Five-year ROI reaches 131.9% and total cumulative return in cash sums $207,213. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,601/mo property income covering a $2,320/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A 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: N/A • True Homes
Mls Name: True Homes
Mls Provider:
Mls ID: #N/A