587 Dawson RoadGriftonNC28530
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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 Grifton at 587 Dawson Road, Grifton, NC, 28530 generates $1,517/mo in rent and, after a $587/mo payment, leaves $786/mo in cash flow. Total monthly income is $1,517/mo, and annual cash flow is $9,433/yr on $39,747 invested. Return on cash invested sits at 43.64% in year one, and rental yield is 15.18% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 230.12% and total cumulative return in cash sums $91,464. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,517/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
10,454 sqft 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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Listed by: HEATHER GARRIS • Realty ONE Group Aspire
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100472603
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2024-10-17 08:18:46 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024-10-17 08:18:46 PDT Hive MLS