108 Savannah Ave LOT 33GrandyNC27939
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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 Grandy at 108 Savannah Ave LOT 33, Grandy, NC, 27939 generates $4,720/mo in rent and, after a $3,568/mo payment, leaves $277/mo in cash flow. Total monthly income is $4,720/mo, and annual cash flow is $3,326/yr on $239,841 invested. Return on cash invested sits at 21.45% in year one, and rental yield is 7.77% on a $729,000 entry. Equity gained on principal adds $4,704/yr, while 5% annual appreciation builds toward $201,409 over five years. Five-year ROI reaches 110.94% and total cumulative return in cash sums $266,076. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,720/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.46 Acres 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
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Listed by: Mark Lupean • Brindley Beach Vacations & Sales - KH
Mls Name: OBAR
Mls Provider:
Mls ID: #123922
Disclaimer: 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. Information is deemed reliable but not guaranteed.