114 Hill StGranite FallsNC28630
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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 Granite Falls at 114 Hill St, Granite Falls, NC, 28630 with 5% annual appreciation on a $359,900 basis while $2,396/mo rent supports operations. Total monthly income totals $2,396/mo and a $1,762/mo payment preserves $202/mo for cash returns. Annual cash flow comes to $2,425/yr on $119,307 deployed, and return on cash invested reaches 21.94% in year one. Equity gained on principal adds $2,322/yr, and five-year appreciation sums $99,434 alongside rental yield of 7.99%. Five-year ROI measures 113.65% and total cumulative return in cash totals $135,590.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,396/mo property income versus a $1,762/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
0.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28630, Granite Falls, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,842 (100%) |
| Owner Occupied HU | 6,127 (69.3%) |
| Renter Occupied HU | 2,068 (23.4%) |
| Vacant Housing Units | 647 ( 7.3%) |
| Median Home Value | $268,612 |
| Average Home Value | $315,769 |
Housing Distribution
Address Breakdown
Residential
8,153
Single Family
8,048
Multi-Family
105
Businesses
440
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Listed by: Jennifer Clark • Howard Hanna Allen Tate Lake Norman
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331738