200 Mercedes Ct #302GrandyNC27939
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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 200 Mercedes Ct #302, Grandy, NC, 27939 uses $119,009 cash to close to unlock $518/yr annual cash flow and $43/mo monthly cash flow. Total monthly income runs $2,231/mo, and a $1,757/mo payment keeps the spread at $43/mo. Purchase price stands at $359,000, and rental yield measures 7.46% with $2,231/mo rent. Return on cash invested shows 20.34% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 105.08% and total cumulative return in cash records $125,059. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,231/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A 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: Hunter Davis & OBX Legacy Home Sales Team • Twiddy and Company - Corolla
Mls Name: OBAR
Mls ID: #131424