1214 Dry Ponds RdGranite 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
Rental property for sale in Granite Falls at 1214 Dry Ponds Rd, Granite Falls, NC, 28630 generates $1,560/mo in rent and, after a $1,150/mo payment, leaves $128/mo in cash flow. Total monthly income is $1,560/mo, and annual cash flow is $1,537/yr on $77,869 invested. Return on cash invested sits at 21.88% in year one, and rental yield is 7.97% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 113.37% and total cumulative return in cash sums $88,281. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
2.86 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: Starr Franklin • Coldwell Banker Boyd & Hassell
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321357