MITCHELL TOWNHOME Plan, Grayson Park TownhomesLelandNC28451
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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 Leland at MITCHELL TOWNHOME Plan, Grayson Park Townhomes, Leland, NC, 28451 offers $2,218/mo rent that, after a $1,361/mo payment, leaves $523/mo cash flow. Total monthly income is $2,218/mo, and annual cash flow is $6,281/yr on $92,154 cash. Return on cash invested measures 26.72% in year one, and rental yield stands at 9.57% at a $277,990 entry. Equity gained on principal adds $1,794/yr while 5% annual appreciation compounds into $76,804 by year five. Five-year ROI records 139.3% and total cumulative return in cash reaches $128,366. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,218/mo property income versus a $1,361/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
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 • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A