300 Grover Moore PlIndian TrailNC28079
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Indian Trail at 300 Grover Moore Pl, Indian Trail, NC, 28079 uses $89,505 cash to close to unlock $4,080/yr annual cash flow and $340/mo monthly cash flow. Total monthly income runs $1,986/mo, and a $1,322/mo payment keeps the spread at $340/mo. Purchase price stands at $269,999, and rental yield measures 8.83% with $1,986/mo rent. Return on cash invested shows 24.47% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 127.15% and total cumulative return in cash records $113,809. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,986/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28079, Indian Trail, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,681 (100%) |
| Owner Occupied HU | 12,575 (80.2%) |
| Renter Occupied HU | 2,629 (16.8%) |
| Vacant Housing Units | 477 ( 3.0%) |
| Median Home Value | $397,170 |
| Average Home Value | $459,396 |
Housing Distribution
Address Breakdown
Residential
16,142
Single Family
15,637
Multi-Family
505
Businesses
1,480
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John DeSmedt • EXP Realty LLC Ballantyne
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322306