116 N Grassland Rd UNIT 17Surf 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
Rental property for sale in Surf City at 116 N Grassland Rd UNIT 17, Surf City, NC, 28445 generates $2,400/mo in rent and, after a $1,640/mo payment, leaves $358/mo in cash flow. Total monthly income is $2,400/mo, and annual cash flow is $4,296/yr on $111,052 invested. Return on cash invested sits at 23.78% in year one, and rental yield is 8.6% on a $334,999 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 123.45% and total cumulative return in cash sums $137,096. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Townhouse
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: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A