219 Lucky Alice DriveGrassy CreekNC28631
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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 Grassy Creek at 219 Lucky Alice Drive, Grassy Creek, NC, 28631 with 5% annual appreciation on a $399,000 basis while $1,300/mo rent supports operations. 64% in year one. Equity gained on principal adds $2,575/yr, and five-year appreciation sums $110,236 alongside rental yield of 3.91%. Five-year ROI measures 47.69% and total cumulative return in cash totals $63,074. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,300/mo property income versus a $1,953/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28631, Grassy Creek, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 524 (100%) |
| Owner Occupied HU | 224 (42.7%) |
| Renter Occupied HU | 32 ( 6.1%) |
| Vacant Housing Units | 268 (51.1%) |
| Median Home Value | $250,000 |
| Average Home Value | $361,741 |
Housing Distribution
Address Breakdown
Residential
407
Single Family
407
Multi-Family
0
Businesses
18
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Listed by: Terri Boyer • Keller Williams High Country
Mls Name: High Country AOR
Mls ID: #256790