2336 Soddy LaneGrimeslandNC27837
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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
Total monthly income runs $2,447/mo, and a $3,177/mo payment. Purchase price stands at $649,000, and rental yield measures 4.52% with $2,447/mo rent. Return on cash invested shows 11.58% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 58.04% and total cumulative return in cash records $123,924. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,447/mo property income covering a $3,177/mo payment rather than investor’s personal income.
Single Family
Built in 2023
5.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27837, Grimesland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,607 (100%) |
| Owner Occupied HU | 1,902 (73.0%) |
| Renter Occupied HU | 424 (16.3%) |
| Vacant Housing Units | 281 (10.8%) |
| Median Home Value | $271,138 |
| Average Home Value | $270,935 |
Housing Distribution
Address Breakdown
Residential
2,440
Single Family
2,439
Multi-Family
1
Businesses
53
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Listed by: LISA WILSON • Epique Realty
Mls Name: Hive MLS
Mls ID: #100543017