107 Binnacle Ln LOT 13GrandyNC27939
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Grandy at 107 Binnacle Ln LOT 13, Grandy, NC, 27939 listed at $379,900 pairs $2,748/mo rent with a $1,859/mo payment to leave $433/mo cash flow. Total monthly income runs $2,748/mo, and annual cash flow reaches $5,197/yr on $125,937 cash to close. Return on cash invested measures 24.04% in year one, and rental yield registers 8.68% at a $379,900 basis. Equity gained on principal adds $2,451/yr, and annual property appreciation at 5% supports $104,959 by year five. Five-year ROI tracks 124.88% and total cumulative return in cash totals $157,265. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,748/mo property income relative to a $1,859/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
5,227 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth S Hinson • RE/MAX Coastal Associates
Mls Name: OBAR
Mls ID: #130092