108 Pointe DrLa 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
Investment property for sale in La Grange at 108 Pointe Dr, La Grange, NC, 28551 uses $125,639 cash to close to unlock $1,874/yr annual cash flow and $156/mo monthly cash flow. Total monthly income runs $2,466/mo, and a $1,855/mo payment keeps the spread at $156/mo. Purchase price stands at $379,000, and rental yield measures 7.81% with $2,466/mo rent. Return on cash invested shows 21.4% in year one, and 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 110.75% and total cumulative return in cash records $139,139. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,466/mo property income covering a $1,855/mo payment rather than investor’s personal income.
Single Family
Built in 2021
0.64 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: April Stephens • eXp Realty, LLC - C
Mls Name: Doorify MLS
Mls ID: #10137580