325 Griggs RdOld FortNC28762
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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
Rental property for sale in Old Fort at 325 Griggs Rd, Old Fort, NC, 28762 priced at $239,900 converts $2,237/mo rent into $775/mo cash flow after a $1,174/mo obligation. Total monthly income equals $2,237/mo, and annual cash flow totals $9,301/yr on $79,527 invested. Return on cash invested prints 31.6% in year one, and rental yield reads 11.19% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 165.48% and total cumulative return in cash sums $131,599. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,237/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Manufactured
Built in 1984
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28762, Old Fort, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,535 (100%) |
| Owner Occupied HU | 2,320 (65.6%) |
| Renter Occupied HU | 625 (17.7%) |
| Vacant Housing Units | 590 (16.7%) |
| Median Home Value | $232,253 |
| Average Home Value | $271,716 |
Housing Distribution
Address Breakdown
Residential
2,739
Single Family
2,739
Multi-Family
0
Businesses
158
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Listed by: Steve Jones • EXP Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4303072