1431 Devon DriveGrimeslandNC27837
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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 Grimesland at 1431 Devon Drive, Grimesland, NC, 27837 priced at $544,900 pairs $3,558/mo rent with $237/mo cash flow after a $2,667/mo payment. Total monthly income equals $3,558/mo, and annual cash flow comes to $2,845/yr on $179,272 invested. Return on cash invested is 21.65% in year one, and rental yield stands at 7.84% on a $544,900 basis. Equity gained on principal adds $3,516/yr, and 5% annual appreciation accumulates to $150,546 by year five. Five-year ROI measures 112.03% and total cumulative return in cash reaches $200,837. For financing, Ziffy Mortgage’s DSCR program evaluates $3,558/mo property income against a $2,667/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27837, Grimesland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,607 (100%) |
| Owner Occupied HU | 1,902 (73.0%) |
| Renter Occupied HU | 424 (16.3%) |
| Vacant Housing Units | 281 (10.8%) |
| Median Home Value | $271,138 |
| Average Home Value | $270,935 |
Housing Distribution
Address Breakdown
Residential
2,440
Single Family
2,439
Multi-Family
1
Businesses
53
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Listed by: Lisa Harrell • Welcome Home Realty NC
Mls Name: NCRMLS
Mls Provider:
Mls ID: #100456487
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC, and is updated as of 2024-02-16 15:12:29 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024 North Carolina Regional MLS LLC