240 Carr Store RdCedar GroveNC27231
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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 Cedar Grove at 240 Carr Store Rd, Cedar Grove, NC, 27231 with 5% annual appreciation on a $460,000 basis while $1,440/mo rent supports operations. 18% in year one. Equity gained on principal adds $2,968/yr, and five-year appreciation sums $127,090 alongside rental yield of 3.76%. Five-year ROI measures 45.19% and total cumulative return in cash totals $68,905. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,440/mo property income versus a $2,251/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27231, Cedar Grove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 914 (100%) |
| Owner Occupied HU | 740 (81.0%) |
| Renter Occupied HU | 128 (14.0%) |
| Vacant Housing Units | 46 ( 5.0%) |
| Median Home Value | $329,139 |
| Average Home Value | $387,628 |
Housing Distribution
Address Breakdown
Residential
883
Single Family
883
Multi-Family
0
Businesses
33
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Listed by: #SELLINGMOORE THE PG GROUP • CAROLINA SUMMIT GROUP #1
Mls Name: LPRMLS
Mls Provider:
Mls ID: #741934
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.