Raegan 2378 Plan, The Landing at Mill CreekSneads FerryNC28460
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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 Sneads Ferry at Raegan 2378 Plan, The Landing at Mill Creek, Sneads Ferry, NC, 28460 generates $2,698/mo in rent and, after a $2,007/mo payment, leaves $149/mo in cash flow. Total monthly income is $2,698/mo, and annual cash flow is $1,788/yr on $135,915 invested. Return on cash invested sits at 21.22% in year one, and rental yield is 7.9% on a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 109.91% and total cumulative return in cash sums $149,387. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,698/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28460, Sneads Ferry, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,167 (100%) |
| Owner Occupied HU | 4,456 (43.8%) |
| Renter Occupied HU | 1,736 (17.1%) |
| Vacant Housing Units | 3,975 (39.1%) |
| Median Home Value | $345,363 |
| Average Home Value | $372,482 |
Housing Distribution
Address Breakdown
Residential
7,684
Single Family
6,998
Multi-Family
686
Businesses
379
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Listed by: N/A • Courtney Carter
Mls Name: Courtney Carter Homes
Mls Provider:
Mls ID: #N/A