1404 Gracie LnCarthageNC28327
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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 Carthage at 1404 Gracie Ln, Carthage, NC, 28327 earns $813/mo cash flow from $2,272/mo rent with a $1,172/mo payment. Total monthly income totals $2,272/mo, and annual cash flow totals $9,751/yr on $79,394 capital. ROI tracks 32.19% on current figures, and rental yield reads 11.38% at a $239,500 purchase. Equity gained on principal adds $1,545/yr, and 5% annual appreciation supports $66,169 over five years. Five-year ROI reaches 168.6% and total cumulative return in cash sums $133,861. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,272/mo property income instead of your personal income.
Single Family
Built in 2023
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28327, Carthage, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,399 (100%) |
| Owner Occupied HU | 6,960 (74.1%) |
| Renter Occupied HU | 1,568 (16.7%) |
| Vacant Housing Units | 871 ( 9.3%) |
| Median Home Value | $388,515 |
| Average Home Value | $417,577 |
Housing Distribution
Address Breakdown
Residential
7,744
Single Family
7,726
Multi-Family
18
Businesses
386
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