6 Colonial AveGranite 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 6 Colonial Ave, Granite Falls, NC, 28630 priced at $299,900 pairs $1,051/mo rent with after a $1,468/mo payment. Total monthly income equals $1,051/mo. Return on cash invested is 10.53% in year one, and rental yield stands at 4.21% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 52.47% and total cumulative return in cash reaches $52,168. For financing, Ziffy Mortgage’s DSCR program evaluates $1,051/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.49 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: Kristen Mahoney • Realty Executives of Hickory
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4317910