1301 Richardson DrReidsvilleNC27320
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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 Reidsville at 1301 Richardson Dr, Reidsville, NC, 27320 earns $799/mo cash flow from $3,012/mo rent with a $1,777/mo payment. Total monthly income totals $3,012/mo, and annual cash flow totals $9,593/yr on $120,335 capital. ROI tracks 27.88% on current figures, and rental yield reads 9.96% at a $363,000 purchase. Equity gained on principal adds $2,342/yr, and 5% annual appreciation supports $100,290 over five years. Five-year ROI reaches 145.48% and total cumulative return in cash sums $175,059. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,012/mo property income instead of your personal income.
Single Family
Built in 1940
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27320, Reidsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,514 (100%) |
| Owner Occupied HU | 11,438 (61.8%) |
| Renter Occupied HU | 5,253 (28.4%) |
| Vacant Housing Units | 1,823 ( 9.8%) |
| Median Home Value | $212,764 |
| Average Home Value | $265,031 |
Housing Distribution
Address Breakdown
Residential
17,206
Single Family
15,903
Multi-Family
1,303
Businesses
912
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