1105 Colonial AveGreenvilleNC27834
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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 Greenville at 1105 Colonial Ave, Greenville, NC, 27834 uses $74,588 cash to close to unlock $1,980/yr annual cash flow and $165/mo monthly cash flow. Total monthly income runs $1,536/mo, and a $1,101/mo payment keeps the spread at $165/mo. Purchase price stands at $225,000, and rental yield measures 8.19% with $1,536/mo rent. Return on cash invested shows 22.56% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 116.94% and total cumulative return in cash records $87,225. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,536/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1942
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27834, Greenville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,275 (100%) |
| Owner Occupied HU | 10,394 (36.8%) |
| Renter Occupied HU | 14,525 (51.4%) |
| Vacant Housing Units | 3,356 (11.9%) |
| Median Home Value | $202,871 |
| Average Home Value | $256,226 |
Housing Distribution
Address Breakdown
Residential
26,516
Single Family
21,998
Multi-Family
4,518
Businesses
1,813
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Listed by: ALEXIS DAVIS-LOVE • ERA STROTHER REAL ESTATE
Mls Name: LPRMLS
Mls ID: #751169