177 Duke StGranite FallsNC28630
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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 Granite Falls at 177 Duke St, Granite Falls, NC, 28630 offers $1,880/mo rent that, after a $1,189/mo payment, leaves $399/mo cash flow. Total monthly income is $1,880/mo, and annual cash flow is $4,793/yr on $80,555 cash. Return on cash invested measures 25.86% in year one, and rental yield stands at 9.28% at a $243,000 entry. Equity gained on principal adds $1,568/yr while 5% annual appreciation compounds into $67,136 by year five. Five-year ROI records 134.65% and total cumulative return in cash reaches $108,464. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,880/mo property income versus a $1,189/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28630, Granite Falls, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,842 (100%) |
| Owner Occupied HU | 6,127 (69.3%) |
| Renter Occupied HU | 2,068 (23.4%) |
| Vacant Housing Units | 647 ( 7.3%) |
| Median Home Value | $268,612 |
| Average Home Value | $315,769 |
Housing Distribution
Address Breakdown
Residential
8,153
Single Family
8,048
Multi-Family
105
Businesses
440
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Listed by: Kayden Benfield • INNOVATE Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309549