326 Granada DrAdvanceNC27006
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
Rental property for sale in Advance at 326 Granada Dr, Advance, NC, 27006 priced at $235,500 converts $1,584/mo rent into $148/mo cash flow after a $1,153/mo obligation. Total monthly income equals $1,584/mo, and annual cash flow totals $1,781/yr on $78,068 invested. Return on cash invested prints 22.19% in year one, and rental yield reads 8.07% against a $235,500 entry. Equity gained on principal adds $1,520/yr, while 5% annual appreciation compiles into $65,064 by year five. Five-year ROI reaches 114.98% and total cumulative return in cash sums $89,765. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,584/mo property income covering a $1,153/mo payment, not borrower’s personal income.
Manufactured
Built in 1980
10.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27006, Advance, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,346 (100%) |
| Owner Occupied HU | 5,736 (78.1%) |
| Renter Occupied HU | 1,129 (15.4%) |
| Vacant Housing Units | 481 ( 6.5%) |
| Median Home Value | $350,623 |
| Average Home Value | $380,540 |
Housing Distribution
Address Breakdown
Residential
6,922
Single Family
5,624
Multi-Family
1,298
Businesses
336
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Listed by: John Jackson • ScoutAdvisors.com LLC
Mls Name: Triad MLS
Mls ID: #1193956