557 Falls AveGranite FallsNC28630
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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 Granite Falls at 557 Falls Ave, Granite Falls, NC, 28630 offers $1,560/mo rent that, after a $832/mo payment, leaves $524/mo cash flow. Total monthly income is $1,560/mo, and annual cash flow is $6,289/yr on $56,322 cash. Return on cash invested measures 31.08% in year one, and rental yield stands at 11.02% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 162.7% and total cumulative return in cash reaches $91,634. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,560/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1972
3.97 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: Julian Baker • Baker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4317851