1067 Appaloosa TrlGrimeslandNC27837
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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 Grimesland at 1067 Appaloosa Trl, Grimesland, NC, 27837 uses $132,567 cash to close to unlock $2,029/yr annual cash flow and $169/mo monthly cash flow. Total monthly income runs $2,606/mo, and a $1,957/mo payment keeps the spread at $169/mo. Purchase price stands at $399,900, and rental yield measures 7.82% with $2,606/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 110.95% and total cumulative return in cash records $147,080. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,606/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27837, Grimesland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,607 (100%) |
| Owner Occupied HU | 1,902 (73.0%) |
| Renter Occupied HU | 424 (16.3%) |
| Vacant Housing Units | 281 (10.8%) |
| Median Home Value | $271,138 |
| Average Home Value | $270,935 |
Housing Distribution
Address Breakdown
Residential
2,440
Single Family
2,439
Multi-Family
1
Businesses
53
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Listed by: Tyre Realty Group • Caviness & Cates - Greenville - Beddard Ranch
Mls Name: Nexus MLS
Mls Provider:
Mls ID: #N370000000169
Disclaimer: Listing information is provided by the Nexus Multiple Listing Service. Property information is based on available data that may include MLS information, county records, and other sources. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 Nexus MLS. All rights are reserved.