321 Laurel Highlands DriveGrassy CreekNC28631
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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 Grassy Creek at 321 Laurel Highlands Drive, Grassy Creek, NC, 28631 listed at $940,000 pairs $2,555/mo rent with a $4,601/mo payment. Total monthly income runs $2,555/mo. Return on cash invested measures 7.74% in year one, and rental yield registers 3.26% at a $940,000 basis. Equity gained on principal adds $6,066/yr, and annual property appreciation at 5% supports $259,705 by year five. Five-year ROI tracks 37.44% and total cumulative return in cash totals $115,794. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,555/mo property income relative to a $4,601/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
20.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28631, Grassy Creek, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 524 (100%) |
| Owner Occupied HU | 224 (42.7%) |
| Renter Occupied HU | 32 ( 6.1%) |
| Vacant Housing Units | 268 (51.1%) |
| Median Home Value | $250,000 |
| Average Home Value | $361,741 |
Housing Distribution
Address Breakdown
Residential
407
Single Family
407
Multi-Family
0
Businesses
18
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Listed by: Monica Young • Allen Tate Ashe High Country Realty
Mls Name: High Country AOR
Mls ID: #257070