Greystone Plan, TurnberryGrimeslandNC27837
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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 Grimesland at Greystone Plan, Turnberry, Grimesland, NC, 27837 uses $159,286 cash to close to unlock $10,001/yr annual cash flow and $833/mo monthly cash flow. Total monthly income runs $3,762/mo, and a $2,352/mo payment keeps the spread at $833/mo. Purchase price stands at $480,500, and rental yield measures 9.4% with $3,762/mo rent. Return on cash invested shows 26.19% in year one, and 5% annual appreciation builds toward $132,753 over five years. Five-year ROI reaches 136.4% and total cumulative return in cash records $217,266. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,762/mo property income covering a $2,352/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27837, Grimesland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,607 (100%) |
| Owner Occupied HU | 1,902 (73.0%) |
| Renter Occupied HU | 424 (16.3%) |
| Vacant Housing Units | 281 (10.8%) |
| Median Home Value | $271,138 |
| Average Home Value | $270,935 |
Housing Distribution
Address Breakdown
Residential
2,440
Single Family
2,439
Multi-Family
1
Businesses
53
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Listed by: N/A • Bill Clark Homes
Mls Name: Bill Clark Homes
Mls ID: #N/A