80 Duke StGranite 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 80 Duke St, Granite Falls, NC, 28630 priced at $215,000 converts $1,681/mo rent into $371/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,681/mo, and annual cash flow totals $4,452/yr on $71,273 invested. Return on cash invested prints 26.16% in year one, and rental yield reads 9.38% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 136.21% and total cumulative return in cash sums $97,081. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,681/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.66 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: Becca Ramsey • C. Rice and Associates LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4310711