10 Indigo Lake Ter UNIT PGreensboroNC27455
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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 Greensboro at 10 Indigo Lake Ter UNIT P, Greensboro, NC, 27455 generates $2,447/mo in rent and, after a $1,713/mo payment, leaves $314/mo in cash flow. Total monthly income is $2,447/mo, and annual cash flow is $3,768/yr on $116,025 invested. Return on cash invested sits at 23.16% in year one, and rental yield is 8.39% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 120.12% and total cumulative return in cash sums $139,370. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,447/mo property income rather than buyer’s personal income.
Condo
Built in 1996
0.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27455, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,333 (100%) |
| Owner Occupied HU | 9,413 (65.7%) |
| Renter Occupied HU | 4,353 (30.4%) |
| Vacant Housing Units | 567 ( 4.0%) |
| Median Home Value | $397,806 |
| Average Home Value | $426,455 |
Housing Distribution
Address Breakdown
Residential
13,970
Single Family
10,926
Multi-Family
3,044
Businesses
303
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Listed by: Stacy L. Hiers • RE/MAX Realty Consultants
Mls Name: Triad MLS
Mls ID: #1205754