Rainier Plan, Running CreekLocustNC28097
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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 Locust at Rainier Plan, Running Creek, Locust, NC, 28097 priced at $505,990 pairs $2,615/mo rent with after a $2,477/mo payment. Total monthly income equals $2,615/mo. Return on cash invested is 16.68% in year one, and rental yield stands at 6.2% on a $505,990 basis. Equity gained on principal adds $3,265/yr, and 5% annual appreciation accumulates to $139,796 by year five. Five-year ROI measures 85.36% and total cumulative return in cash reaches $142,096. For financing, Ziffy Mortgage’s DSCR program evaluates $2,615/mo property income against a $2,477/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28097, Locust, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,049 (100%) |
| Owner Occupied HU | 2,333 (76.5%) |
| Renter Occupied HU | 566 (18.6%) |
| Vacant Housing Units | 150 ( 4.9%) |
| Median Home Value | $315,438 |
| Average Home Value | $340,889 |
Housing Distribution
Address Breakdown
Residential
3,343
Single Family
3,343
Multi-Family
0
Businesses
323
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Listed by: N/A • Century Communities
Mls Name: Century Communities
Mls Provider:
Mls ID: #N/A