2668 Terrace DrGranite 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 2668 Terrace Dr, Granite Falls, NC, 28630 offers a 10.82% rental yield on a $199,900 purchase with $1,802/mo rent. Total monthly income registers $1,802/mo, and a $978/mo payment leaves $584/mo available for distribution. Annual cash flow reaches $7,009/yr on $66,267 to close, and return on cash invested stands at 30.49% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 159.5% and total cumulative return in cash at $105,697. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,802/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
2,657 sqft 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: ROSAIDANIN GUADALUPE-RIVERA • ERA STROTHER REAL ESTATE
Mls Name: LPRMLS
Mls ID: #747407