3702 Carr Store RdCedar GroveNC27231
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 Cedar Grove at 3702 Carr Store Rd, Cedar Grove, NC, 27231 generates $2,735/mo in rent, after a $2,805/mo payment. Total monthly income is $2,735/mo. Return on cash invested sits at 15.24% in year one, and rental yield is 5.73% on a $573,000 entry. Equity gained on principal adds $3,697/yr, while 5% annual appreciation builds toward $158,309 over five years. Five-year ROI reaches 77.64% and total cumulative return in cash sums $146,371. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,735/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
11.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27231, Cedar Grove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 914 (100%) |
| Owner Occupied HU | 740 (81.0%) |
| Renter Occupied HU | 128 (14.0%) |
| Vacant Housing Units | 46 ( 5.0%) |
| Median Home Value | $329,139 |
| Average Home Value | $387,628 |
Housing Distribution
Address Breakdown
Residential
883
Single Family
883
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chanelle Conrad • Carolina Home Partners by eXp Realty
Mls Name: Triad MLS
Mls ID: #1194265