2189 Mary StChina GroveNC28023
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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 China Grove at 2189 Mary St, China Grove, NC, 28023 uses $74,588 cash to close to unlock $6,456/yr annual cash flow and $538/mo monthly cash flow. Total monthly income runs $1,909/mo, and a $1,101/mo payment keeps the spread at $538/mo. Purchase price stands at $225,000, and rental yield measures 10.18% with $1,909/mo rent. Return on cash invested shows 28.56% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 149.14% and total cumulative return in cash records $111,237. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,909/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28023, China Grove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,449 (100%) |
| Owner Occupied HU | 4,807 (74.5%) |
| Renter Occupied HU | 1,226 (19.0%) |
| Vacant Housing Units | 416 ( 6.5%) |
| Median Home Value | $282,736 |
| Average Home Value | $345,124 |
Housing Distribution
Address Breakdown
Residential
6,306
Single Family
6,306
Multi-Family
0
Businesses
396
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Listed by: Angie Miller • Genesis Realty Company
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301282