Red Cedar Plan, Running CreekLocustNC28097
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Locust at Red Cedar Plan, Running Creek, Locust, NC, 28097 at $520,990 posts ROI 20.55% with $70/mo cash flow from $3,245/mo rent. Total monthly income equals $3,245/mo, and annual cash flow records $838/yr on $171,406 to close. Return on cash invested measures 20.55% and rental yield reads 7.47% at the current $520,990. Equity gained on principal adds $3,362/yr, and 5% annual appreciation supports $143,940 by year five. Five-year ROI prints 106.12% and total cumulative return in cash totals $181,894.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,245/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2026
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