2 Oak StGranite FallsNC28630
Nearby investment properties with comparable rents
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 Granite Falls at 2 Oak St, Granite Falls, NC, 28630 priced at $164,500 pairs $1,367/mo rent with $365/mo cash flow after a $805/mo payment. Total monthly income equals $1,367/mo, and annual cash flow comes to $4,375/yr on $54,532 invested. Return on cash invested is 27.93% in year one, and rental yield stands at 9.97% on a $164,500 basis. Equity gained on principal adds $1,061/yr, and 5% annual appreciation accumulates to $45,448 by year five. Five-year ROI measures 145.78% and total cumulative return in cash reaches $79,498. For financing, Ziffy Mortgage’s DSCR program evaluates $1,367/mo property income against a $805/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2016
0.16 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: Andrea Ochoa • Collective Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4337372