842 Grouse RdClydeNC28721
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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 Clyde at 842 Grouse Rd, Clyde, NC, 28721 offers $3,367/mo rent that, after a $2,080/mo payment, leaves $777/mo cash flow. Total monthly income is $3,367/mo, and annual cash flow is $9,324/yr on $140,888 cash. Return on cash invested measures 26.53% in year one, and rental yield stands at 9.51% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 138.2% and total cumulative return in cash reaches $194,705. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,367/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28721, Clyde, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,347 (100%) |
| Owner Occupied HU | 3,430 (64.1%) |
| Renter Occupied HU | 1,122 (21.0%) |
| Vacant Housing Units | 795 (14.9%) |
| Median Home Value | $283,824 |
| Average Home Value | $335,403 |
Housing Distribution
Address Breakdown
Residential
4,925
Single Family
4,900
Multi-Family
25
Businesses
254
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Listed by: David Stephens • NextHome Mountain Horizons
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326443