109 Evans St LOT 72GrandyNC27939
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 109 Evans St LOT 72, Grandy, NC, 27939 offers a 8.24% rental yield on a $349,000 purchase with $2,396/mo rent. Total monthly income registers $2,396/mo, and a $1,708/mo payment leaves $269/mo available for distribution. Annual cash flow reaches $3,230/yr on $115,694 to close, and return on cash invested stands at 22.7% in year one. Equity gained on principal adds $2,252/yr while 5% annual appreciation supports $96,422 over five years. Portfolio math shows five-year ROI at 117.71% and total cumulative return in cash at $136,188. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,396/mo property income against a $1,708/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2005
0.34 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Beth Dobney Garcia • Coldwell Banker Seaside Realty KH
Mls Name: OBAR
Mls Provider:
Mls ID: #126380
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.