100 Mercedes Ct #BGrandyNC27939
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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 #B, Grandy, NC, 27939 generates $2,710/mo in rent and, after a $1,517/mo payment, leaves $821/mo in cash flow. Total monthly income is $2,710/mo, and annual cash flow is $9,852/yr on $102,765 invested. Return on cash invested sits at 29.5% in year one, and rental yield is 10.49% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 154.12% and total cumulative return in cash sums $158,383. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,710/mo property income rather than buyer’s personal income.
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: The Myatt Group Team • Keller Williams - Outer Banks
Mls Name: OBAR
Mls ID: #130133