100 Mercedes Ct #AGrandyNC27939
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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 Grandy at 100 Mercedes Ct #A, Grandy, NC, 27939 priced at $359,500 pairs $2,858/mo rent with $667/mo cash flow after a $1,760/mo payment. Total monthly income equals $2,858/mo, and annual cash flow comes to $7,999/yr on $119,174 invested. Return on cash invested is 26.62% in year one, and rental yield stands at 9.54% on a $359,500 basis. Equity gained on principal adds $2,320/yr, and 5% annual appreciation accumulates to $99,323 by year five. Five-year ROI measures 138.73% and total cumulative return in cash reaches $165,332. For financing, Ziffy Mortgage’s DSCR program evaluates $2,858/mo property income against a $1,760/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27939, Grandy, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,615 (100%) |
| Owner Occupied HU | 1,050 (65.0%) |
| Renter Occupied HU | 284 (17.6%) |
| Vacant Housing Units | 281 (17.4%) |
| Median Home Value | $338,732 |
| Average Home Value | $377,074 |
Housing Distribution
Address Breakdown
Residential
1,252
Single Family
1,252
Multi-Family
0
Businesses
73
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Listed by: Jeffrey M Robinson • SAGA Realty and Construction
Mls Name: OBAR
Mls ID: #131372