1472 Landmark Church RoadGrassy CreekNC28631
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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 Grassy Creek at 1472 Landmark Church Road, Grassy Creek, NC, 28631 uses $127,462 cash to close to unlock $679/yr annual cash flow and $57/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,882/mo payment keeps the spread at $57/mo. Purchase price stands at $384,500, and rental yield measures 7.49% with $2,400/mo rent. Return on cash invested shows 20.44% in year one, and 5% annual appreciation builds toward $106,230 over five years. Five-year ROI reaches 105.58% and total cumulative return in cash records $134,577. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,882/mo payment rather than investor’s personal income.
Manufactured
Built in 1992
11.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28631, Grassy Creek, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 524 (100%) |
| Owner Occupied HU | 224 (42.7%) |
| Renter Occupied HU | 32 ( 6.1%) |
| Vacant Housing Units | 268 (51.1%) |
| Median Home Value | $250,000 |
| Average Home Value | $361,741 |
Housing Distribution
Address Breakdown
Residential
407
Single Family
407
Multi-Family
0
Businesses
18
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Listed by: Melinda H. Poe • Regency Properties
Mls Name: High Country AOR
Mls ID: #256914