Somerset Plan, True Homes Build OYL - WilmingtonLelandNC28451
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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
Total monthly income totals $3,041/mo and a $2,413/mo payment preserves $36/mo for cash returns. Annual cash flow comes to $435/yr on $163,463 deployed, and return on cash invested reaches 20.18% in year one. Equity gained on principal adds $3,182/yr, and five-year appreciation sums $136,234 alongside rental yield of 7.4%. Five-year ROI measures 104.16% and total cumulative return in cash totals $170,269.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,041/mo property income versus a $2,413/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2026
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 • True Homes
Mls Name: True Homes
Mls Provider:
Mls ID: #N/A