Riley 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 Riley Plan, The Landing at Mill Creek, Sneads Ferry, NC, 28460 offers $2,717/mo rent that, after a $2,105/mo payment, leaves $46/mo cash flow. Total monthly income is $2,717/mo, and annual cash flow is $552/yr on $142,545 cash. Return on cash invested measures 20.3% in year one, and rental yield stands at 7.58% at a $430,000 entry. Equity gained on principal adds $2,775/yr while 5% annual appreciation compounds into $118,801 by year five. Five-year ROI records 104.94% and total cumulative return in cash reaches $149,583. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,717/mo property income versus a $2,105/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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