Is Myrtle Grove, NC a good place to invest in rental property?

Myrtle Grove, NC has a median modeled monthly cash flow of $-1,776 and a median cap rate of 2.5%, on a median sold price of $515,000. Prices changed +4.3% year over year.

What is the average cap rate in Myrtle Grove, NC?

The median cap rate across recently sold homes in Myrtle Grove, NC is 2.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Myrtle Grove, NC?

The median sold price in Myrtle Grove, NC is $515,000 (about $244 per square foot).

Investing in Myrtle Grove, NC Real Estate

A data-driven snapshot of the Myrtle Grove, NC rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$515,000Median sold price

$244Median $/sqft

2.5%Median cap rate

$-1,776Modeled cash flow / mo

+4.3%Appreciation YoY

9.0Months of supply

174Active listings

233Sold (last 12 mo)

What the Myrtle Grove numbers say

In Myrtle Grove, NC, the median home sold for $515,000 (about $244 per square foot), and the typical deal models out to a 2.5% cap rate with a median $-1,776 of monthly cash flow. Sold prices moved +4.3% over the past year. Inventory sits at about 9.0 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other North Carolina markets to compare

See Myrtle Grove cash-flowing listings

CashFlowRE ranks every for-sale home in Myrtle Grove, NC by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Myrtle Grove deals, or browse the national market data.