224 S Main StGranite FallsNC28630
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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 Granite Falls at 224 S Main St, Granite Falls, NC, 28630 earns from $1,051/mo rent with a $1,170/mo payment. Total monthly income totals $1,051/mo. ROI tracks 13.76% on current figures, and rental yield reads 5.28% at a $239,000 purchase. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 over five years. Five-year ROI reaches 69.81% and total cumulative return in cash sums $55,308. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,051/mo property income instead of your personal income.
Single Family
Built in 1972
0.63 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: Matt Stone • Stone Realty Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4306022