131 James Rd UNIT 2BHigh PtNC27265
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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 High Pt at 131 James Rd UNIT 2B, High Pt, NC, 27265 generates $1,461/mo in rent and, after a $891/mo payment, leaves $352/mo in cash flow. Total monthly income is $1,461/mo, and annual cash flow is $4,219/yr on $60,333 invested. Return on cash invested sits at 26.9% in year one, and rental yield is 9.63% on a $182,000 entry. Equity gained on principal adds $1,174/yr, while 5% annual appreciation builds toward $50,283 over five years. Five-year ROI reaches 140.26% and total cumulative return in cash sums $84,621. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,461/mo property income rather than buyer’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27265, High Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,616 (100%) |
| Owner Occupied HU | 15,221 (64.5%) |
| Renter Occupied HU | 7,307 (30.9%) |
| Vacant Housing Units | 1,088 ( 4.6%) |
| Median Home Value | $292,719 |
| Average Home Value | $335,854 |
Housing Distribution
Address Breakdown
Residential
23,126
Single Family
17,854
Multi-Family
5,272
Businesses
1,039
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Listed by: Stan Byrd, Jr. • Stan Byrd & Associates
Mls Name: Triad MLS
Mls ID: #1188987