9464 N 16 NC HighwayGrassy CreekNC28631
Nearby investment properties with comparable rents
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
Investment property for sale in Grassy Creek at 9464 N 16 NC Highway, Grassy Creek, NC, 28631 earns from $1,154/mo rent with a $1,101/mo payment. Total monthly income totals $1,154/mo. ROI tracks 16.42% on current figures, and rental yield reads 6.15% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 83.96% and total cumulative return in cash sums $62,625. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,154/mo property income instead of your personal income.
Single Family
Built in 2017
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28631, Grassy Creek, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 524 (100%) |
| Owner Occupied HU | 224 (42.7%) |
| Renter Occupied HU | 32 ( 6.1%) |
| Vacant Housing Units | 268 (51.1%) |
| Median Home Value | $250,000 |
| Average Home Value | $361,741 |
Housing Distribution
Address Breakdown
Residential
407
Single Family
407
Multi-Family
0
Businesses
18
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Listed by: Jill Gambill • Alleghany High Country Realty
Mls Name: High Country AOR
Mls ID: #259045