6224 Bow DriveGriftonNC28530
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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 Grifton at 6224 Bow Drive, Grifton, NC, 28530 priced at $193,990 pairs $1,379/mo rent with $151/mo cash flow after a $949/mo payment. Total monthly income equals $1,379/mo, and annual cash flow comes to $1,817/yr on $64,308 invested. Return on cash invested is 22.73% in year one, and rental yield stands at 8.53% on a $193,990 basis. Equity gained on principal adds $1,252/yr, and 5% annual appreciation accumulates to $53,596 by year five. Five-year ROI measures 118.2% and total cumulative return in cash reaches $76,013. For financing, Ziffy Mortgage’s DSCR program evaluates $1,379/mo property income against a $949/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
10,018 sqft lot
$N/A/sqft
$550 annually 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: Susan Ruybal Thompson • WJH Brokerage NC LLC
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100468072
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