727 Fairlane DriveGriftonNC28530
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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
Investment property for sale in Grifton at 727 Fairlane Drive, Grifton, NC, 28530 uses $81,052 cash to close to unlock $3,271/yr annual cash flow and $273/mo monthly cash flow. Total monthly income runs $1,763/mo, and a $1,197/mo payment keeps the spread at $273/mo. Purchase price stands at $244,500, and rental yield measures 8.65% with $1,763/mo rent. Return on cash invested shows 23.94% in year one, and 5% annual appreciation builds toward $67,551 over five years. Five-year ROI reaches 124.39% and total cumulative return in cash records $100,823. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,763/mo property income covering a $1,197/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.59 Acres 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: BONNIE HARRISON • NC Homebound Realty
Mls Name: Hive MLS
Mls ID: #100543584