120 Lang Farm RdGriftonNC28530
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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
Rental property for sale in Grifton at 120 Lang Farm Rd, Grifton, NC, 28530 priced at $219,490 pairs $1,379/mo rent with $42/mo cash flow after a $1,074/mo payment. Total monthly income equals $1,379/mo, and annual cash flow comes to $499/yr on $72,761 invested. Return on cash invested is 20.6% in year one, and rental yield stands at 7.54% on a $219,490 basis. Equity gained on principal adds $1,416/yr, and 5% annual appreciation accumulates to $60,641 by year five. Five-year ROI measures 106.4% and total cumulative return in cash reaches $77,419. For financing, Ziffy Mortgage’s DSCR program evaluates $1,379/mo property income against a $1,074/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28530, Grifton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,329 (100%) |
| Owner Occupied HU | 2,069 (62.2%) |
| Renter Occupied HU | 856 (25.7%) |
| Vacant Housing Units | 404 (12.1%) |
| Median Home Value | $135,035 |
| Average Home Value | $235,644 |
Housing Distribution
Address Breakdown
Residential
2,986
Single Family
2,957
Multi-Family
29
Businesses
133
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Listed by: Susan Ruybal Thompson • WJH Brokerage NC LLC
Mls Name: Doorify MLS
Mls ID: #10111413