1120 E Springfield RdHigh PointNC27263
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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 High Point at 1120 E Springfield Rd, High Point, NC, 27263 offers a 11.19% rental yield on a $169,900 purchase with $1,584/mo rent. Total monthly income registers $1,584/mo, and a $832/mo payment leaves $548/mo available for distribution. Annual cash flow reaches $6,577/yr on $56,322 to close, and return on cash invested stands at 31.59% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 165.42% and total cumulative return in cash at $93,170. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,584/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27263, High Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,638 (100%) |
| Owner Occupied HU | 6,092 (63.2%) |
| Renter Occupied HU | 3,035 (31.5%) |
| Vacant Housing Units | 511 ( 5.3%) |
| Median Home Value | $234,242 |
| Average Home Value | $264,047 |
Housing Distribution
Address Breakdown
Residential
9,313
Single Family
8,529
Multi-Family
784
Businesses
1,382
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Listed by: Michael Byrd • Stan Byrd & Associates
Mls Name: Triad MLS
Mls ID: #1195566