122 Circle DrThomasvilleNC27360
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Nearby investment properties with comparable prices
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 Thomasville at 122 Circle Dr, Thomasville, NC, 27360 priced at $375,000 converts $2,563/mo rent into $278/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,563/mo, and annual cash flow totals $3,336/yr on $124,313 invested. Return on cash invested prints 22.59% in year one, and rental yield reads 8.2% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 117.1% and total cumulative return in cash sums $145,575. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,563/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1964
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27360, Thomasville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,717 (100%) |
| Owner Occupied HU | 13,122 (63.3%) |
| Renter Occupied HU | 6,131 (29.6%) |
| Vacant Housing Units | 1,464 ( 7.1%) |
| Median Home Value | $224,747 |
| Average Home Value | $265,283 |
Housing Distribution
Address Breakdown
Residential
20,241
Single Family
20,013
Multi-Family
228
Businesses
1,293
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Listed by: Jenny L Brewer • Keller Williams Realty
Mls Name: Triad MLS
Mls ID: #1195650