104 Cassidy CourtLa GrangeNC28551
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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 La Grange at 104 Cassidy Court, La Grange, NC, 28551 offers $2,093/mo rent that, after a $1,025/mo payment, leaves $817/mo cash flow. Total monthly income is $2,093/mo, and annual cash flow is $9,799/yr on $69,449 cash. Return on cash invested measures 34.02% in year one, and rental yield stands at 11.99% at a $209,500 entry. Equity gained on principal adds $1,352/yr while 5% annual appreciation compounds into $57,881 by year five. Five-year ROI records 178.41% and total cumulative return in cash reaches $123,903. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,093/mo property income versus a $1,025/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2005
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28551, La Grange, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,818 (100%) |
| Owner Occupied HU | 3,583 (61.6%) |
| Renter Occupied HU | 1,525 (26.2%) |
| Vacant Housing Units | 710 (12.2%) |
| Median Home Value | $182,914 |
| Average Home Value | $233,400 |
Housing Distribution
Address Breakdown
Residential
6,017
Single Family
5,994
Multi-Family
23
Businesses
299
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Listed by: Lisa Brown • 1st Choice Associates, LLC
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100457766
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2024-10-17 08:18:46 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024-10-17 08:18:46 PDT Hive MLS