518 Grassy Gap TrlAberdeenNC28315
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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 Aberdeen at 518 Grassy Gap Trl, Aberdeen, NC, 28315 uses $148,147 cash to close to unlock $5,086/yr annual cash flow and $424/mo monthly cash flow. Total monthly income runs $3,180/mo, and a $2,187/mo payment keeps the spread at $424/mo. Purchase price stands at $446,900, and rental yield measures 8.54% with $3,180/mo rent. Return on cash invested shows 23.34% in year one, and 5% annual appreciation builds toward $123,470 over five years. Five-year ROI reaches 121.21% and total cumulative return in cash records $179,573. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,180/mo property income covering a $2,187/mo payment rather than investor’s personal income.
Single Family
Built in N/A
8,124 sqft lot
$N/A/sqft
$395 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28315, Aberdeen, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,555 (100%) |
| Owner Occupied HU | 4,170 (63.6%) |
| Renter Occupied HU | 1,829 (27.9%) |
| Vacant Housing Units | 556 ( 8.5%) |
| Median Home Value | $352,038 |
| Average Home Value | $390,076 |
Housing Distribution
Address Breakdown
Residential
6,538
Single Family
5,821
Multi-Family
717
Businesses
687
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Listed by: Better Homes & Gardens Lifestyle Property Partneres • Caviness & Cates - Southern Pines Sales Office
Mls Name: Nexus MLS
Mls Provider:
Mls ID: #N370000000349
Disclaimer: Listing information is provided by the Nexus Multiple Listing Service. Property information is based on available data that may include MLS information, county records, and other sources. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 Nexus MLS. All rights are reserved.