2829 Palamino WayGrimeslandNC27837
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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 Grimesland at 2829 Palamino Way, Grimesland, NC, 27837 listed at $448,900 pairs $3,361/mo rent with a $2,197/mo payment to leave $625/mo cash flow. Total monthly income runs $3,361/mo, and annual cash flow reaches $7,504/yr on $148,810 cash to close. Return on cash invested measures 24.95% in year one, and rental yield registers 8.98% at a $448,900 basis. Equity gained on principal adds $2,897/yr, and annual property appreciation at 5% supports $124,023 by year five. Five-year ROI tracks 129.77% and total cumulative return in cash totals $193,112. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,361/mo property income relative to a $2,197/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
1.29 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: Tyre Realty Group • Caviness & Cates - Greenville - Beddard Ranch
Mls Name: Nexus MLS
Mls Provider:
Mls ID: #N370000000167
Disclaimer: Listing information is provided by the Nexus Multiple Listing Service. Property information is based on available data that may include MLS information, county records, and other sources. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 Nexus MLS. All rights are reserved.