115 S Grassland Rd UNIT 41Surf CityNC28445
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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 Surf City at 115 S Grassland Rd UNIT 41, Surf City, NC, 28445 earns $548/mo cash flow from $2,596/mo rent with a $1,645/mo payment. Total monthly income totals $2,596/mo, and annual cash flow totals $6,574/yr on $111,381 capital. ROI tracks 25.81% on current figures, and rental yield reads 9.27% at a $335,990 purchase. Equity gained on principal adds $2,168/yr, and 5% annual appreciation supports $92,828 over five years. Five-year ROI reaches 134.37% and total cumulative return in cash sums $149,659. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,596/mo property income instead of your personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28445, Holly Ridge, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,156 (100%) |
| Owner Occupied HU | 4,002 (39.4%) |
| Renter Occupied HU | 1,043 (10.3%) |
| Vacant Housing Units | 5,111 (50.3%) |
| Median Home Value | $376,587 |
| Average Home Value | $435,780 |
Housing Distribution
Address Breakdown
Residential
6,217
Single Family
6,134
Multi-Family
83
Businesses
499
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Listed by: Waterside • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A