5367 Meadowlane DrGranite FallsNC28630
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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 Granite Falls at 5367 Meadowlane Dr, Granite Falls, NC, 28630 generates $2,083/mo in rent and, after a $1,101/mo payment, leaves $712/mo in cash flow. Total monthly income is $2,083/mo, and annual cash flow is $8,544/yr on $74,588 invested. Return on cash invested sits at 31.36% in year one, and rental yield is 11.11% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 164.11% and total cumulative return in cash sums $122,409. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,083/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28630, Granite Falls, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,842 (100%) |
| Owner Occupied HU | 6,127 (69.3%) |
| Renter Occupied HU | 2,068 (23.4%) |
| Vacant Housing Units | 647 ( 7.3%) |
| Median Home Value | $268,612 |
| Average Home Value | $315,769 |
Housing Distribution
Address Breakdown
Residential
8,153
Single Family
8,048
Multi-Family
105
Businesses
440
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Listed by: Tina Wilson • Walker Real Estate Services LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316848