123 Grand View DrNew LondonNC28127
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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 New London at 123 Grand View Dr, New London, NC, 28127 offers $1,002/mo rent that, after a $910/mo payment. Total monthly income is $1,002/mo. Return on cash invested measures 17.36% in year one, and rental yield stands at 6.47% at a $185,900 entry. Equity gained on principal adds $1,200/yr while 5% annual appreciation compounds into $51,361 by year five. Five-year ROI records 89.02% and total cumulative return in cash reaches $54,861. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,002/mo property income versus a $910/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1992
0.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28127, New London, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,691 (100%) |
| Owner Occupied HU | 2,437 (52.0%) |
| Renter Occupied HU | 506 (10.8%) |
| Vacant Housing Units | 1,748 (37.3%) |
| Median Home Value | $317,462 |
| Average Home Value | $393,053 |
Housing Distribution
Address Breakdown
Residential
3,344
Single Family
3,344
Multi-Family
0
Businesses
132
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Listed by: Debbie Coley • Debbie C Realty, LLC
Mls Name: Triad MLS
Mls ID: #1206550