100 Mercedes Ct #CGrandyNC27939
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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 #C, Grandy, NC, 27939 priced at $349,000 converts $2,404/mo rent into $277/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,404/mo, and annual cash flow totals $3,326/yr on $115,694 invested. Return on cash invested prints 22.78% in year one, and rental yield reads 8.27% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 118.16% and total cumulative return in cash sums $136,704. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,404/mo property income covering a $1,708/mo payment, not borrower’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: Hunter Davis & OBX Legacy Home Sales Team • Twiddy and Company - Corolla
Mls Name: OBAR
Mls ID: #131303