100 Ponder RdGroverNC28073
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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
Investment property for sale in Grover at 100 Ponder Rd, Grover, NC, 28073 uses $74,588 cash to close to unlock $7,356/yr annual cash flow and $613/mo monthly cash flow. Total monthly income runs $1,984/mo, and a $1,101/mo payment keeps the spread at $613/mo. Purchase price stands at $225,000, and rental yield measures 10.58% with $1,984/mo rent. Return on cash invested shows 29.77% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 155.59% and total cumulative return in cash records $116,049. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,984/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28073, Grover, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,495 (100%) |
| Owner Occupied HU | 1,571 (63.0%) |
| Renter Occupied HU | 726 (29.1%) |
| Vacant Housing Units | 198 ( 7.9%) |
| Median Home Value | $251,122 |
| Average Home Value | $240,159 |
Housing Distribution
Address Breakdown
Residential
2,157
Single Family
2,157
Multi-Family
0
Businesses
92
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Listed by: Scott David • Milemma Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4290489