Susie 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 Susie Plan, The Landing at Mill Creek, Sneads Ferry, NC, 28460 priced at $332,000 converts $2,437/mo rent into $364/mo cash flow after a $1,625/mo obligation. Total monthly income equals $2,437/mo, and annual cash flow totals $4,363/yr on $110,058 invested. Return on cash invested prints 23.87% in year one, and rental yield reads 8.81% against a $332,000 entry. Equity gained on principal adds $2,142/yr, while 5% annual appreciation compiles into $91,725 by year five. Five-year ROI reaches 124.19% and total cumulative return in cash sums $136,683. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,437/mo property income covering a $1,625/mo payment, not borrower’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