124 Grover Moore PlIndian TrailNC28079
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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 Indian Trail at 124 Grover Moore Pl, Indian Trail, NC, 28079 priced at $285,000 converts $1,897/mo rent into $160/mo cash flow after a $1,395/mo obligation. Total monthly income equals $1,897/mo, and annual cash flow totals $1,920/yr on $94,478 invested. Return on cash invested prints 21.94% in year one, and rental yield reads 7.99% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 113.6% and total cumulative return in cash sums $107,322. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,897/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28079, Indian Trail, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,681 (100%) |
| Owner Occupied HU | 12,575 (80.2%) |
| Renter Occupied HU | 2,629 (16.8%) |
| Vacant Housing Units | 477 ( 3.0%) |
| Median Home Value | $397,170 |
| Average Home Value | $459,396 |
Housing Distribution
Address Breakdown
Residential
16,142
Single Family
15,637
Multi-Family
505
Businesses
1,480
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Listed by: Anthony Frantilla • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316574