Wallace Plan, Laurel OaksGrimeslandNC27837
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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 Wallace Plan, Laurel Oaks, Grimesland, NC, 27837 offers a 8.44% rental yield on a $388,900 purchase with $2,735/mo rent. Total monthly income registers $2,735/mo, and a $1,903/mo payment leaves $365/mo available for distribution. Annual cash flow reaches $4,384/yr on $128,920 to close, and return on cash invested stands at 23.31% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,446 over five years. Portfolio math shows five-year ROI at 120.97% and total cumulative return in cash at $155,951. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,735/mo property income against a $1,903/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Pat Palumbo • Bill Clark Homes
Mls Name: Bill Clark Homes
Mls ID: #N/A