2259 Grassy Creek RoadGrassy 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 2259 Grassy Creek Road, Grassy Creek, NC, 28631 earns $83/mo cash flow from $2,883/mo rent with a $2,249/mo payment. Total monthly income totals $2,883/mo, and annual cash flow totals $991/yr on $152,324 capital. ROI tracks 20.56% on current figures, and rental yield reads 7.53% at a $459,500 purchase. Equity gained on principal adds $2,965/yr, and 5% annual appreciation supports $126,951 over five years. Five-year ROI reaches 106.2% and total cumulative return in cash sums $161,772. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,883/mo property income instead of your personal income.
Single Family
Built in 1991
9.35 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: Christy Barr • HERITAGE PROPERTIES OF THE HIGH COUNTRY LLC
Mls Name: High Country AOR
Mls Provider:
Mls ID: #253959
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.