147 Garrenton RdGrandyNC27939
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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 Grandy at 147 Garrenton Rd, Grandy, NC, 27939 offers a 6.08% rental yield on a $415,000 purchase with $2,104/mo rent. 2% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 82.83% and total cumulative return in cash at $113,949. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,104/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27939, Grandy, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,615 (100%) |
| Owner Occupied HU | 1,050 (65.0%) |
| Renter Occupied HU | 284 (17.6%) |
| Vacant Housing Units | 281 (17.4%) |
| Median Home Value | $338,732 |
| Average Home Value | $377,074 |
Housing Distribution
Address Breakdown
Residential
1,252
Single Family
1,252
Multi-Family
0
Businesses
73
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Listed by: The Spencer Team • Keller Williams - Outer Banks
Mls Name: OBAR
Mls Provider:
Mls ID: #130064
Disclaimer: 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. Information is deemed reliable but not guaranteed.