118 Steer StGroverNC28073
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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 Grover at 118 Steer St, Grover, NC, 28073 with 5% annual appreciation on a $269,900 basis while $1,313/mo rent supports operations. 46% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,568 alongside rental yield of 5.84%. Five-year ROI measures 78.91% and total cumulative return in cash totals $70,602. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,313/mo property income versus a $1,321/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1984
3.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28073, Grover, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,495 (100%) |
| Owner Occupied HU | 1,571 (63.0%) |
| Renter Occupied HU | 726 (29.1%) |
| Vacant Housing Units | 198 ( 7.9%) |
| Median Home Value | $251,122 |
| Average Home Value | $240,159 |
Housing Distribution
Address Breakdown
Residential
2,157
Single Family
2,157
Multi-Family
0
Businesses
92
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Listed by: Penny Galop • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4278639