204 Grants WayFour OaksNC27524
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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 Four Oaks at 204 Grants Way, Four Oaks, NC, 27524 priced at $225,000 converts $2,081/mo rent into $710/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,081/mo, and annual cash flow totals $8,520/yr on $74,588 invested. Return on cash invested prints 31.33% in year one, and rental yield reads 11.1% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 163.95% and total cumulative return in cash sums $122,289. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,081/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1997
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27524, Four Oaks, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,015 (100%) |
| Owner Occupied HU | 3,975 (66.1%) |
| Renter Occupied HU | 1,532 (25.5%) |
| Vacant Housing Units | 508 ( 8.4%) |
| Median Home Value | $297,490 |
| Average Home Value | $317,375 |
Housing Distribution
Address Breakdown
Residential
5,504
Single Family
5,470
Multi-Family
34
Businesses
220
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Listed by: Felicia Hatcher • eXp Realty, LLC - C
Mls Name: Doorify MLS
Mls ID: #10136515