3468 Grainger Station RdGriftonNC28530
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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 Grifton at 3468 Grainger Station Rd, Grifton, NC, 28530 offers a 9.54% rental yield on a $250,000 purchase with $1,987/mo rent. Total monthly income registers $1,987/mo, and a $1,224/mo payment leaves $463/mo available for distribution. Annual cash flow reaches $5,556/yr on $82,875 to close, and return on cash invested stands at 26.61% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 138.67% and total cumulative return in cash at $114,922. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,987/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
1.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28530, Grifton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,329 (100%) |
| Owner Occupied HU | 2,069 (62.2%) |
| Renter Occupied HU | 856 (25.7%) |
| Vacant Housing Units | 404 (12.1%) |
| Median Home Value | $135,035 |
| Average Home Value | $235,644 |
Housing Distribution
Address Breakdown
Residential
2,986
Single Family
2,957
Multi-Family
29
Businesses
133
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Nearby investment properties with comparable prices
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