101 Park LnGroverNC28073
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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 Grover at 101 Park Ln, Grover, NC, 28073 offers $1,934/mo rent that, after a $1,052/mo payment, leaves $624/mo cash flow. Total monthly income is $1,934/mo, and annual cash flow is $7,488/yr on $71,273 cash. Return on cash invested measures 30.42% in year one, and rental yield stands at 10.79% at a $215,000 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,401 by year five. Five-year ROI records 159.04% and total cumulative return in cash reaches $113,353. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,934/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2022
0.44 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: Erin Jolly • Jolly Realty Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4292086