1514 Summit AveGreensboroNC27405
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Greensboro rental at 1514 Summit Ave, Greensboro, NC, 27405 sits in the solid-income band: 9.4% gross yield, $1,684/mo rent, $373/mo net after the $967/mo debt service, DSCR 1.74. Entry price of $215,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $59,401 and $1,980/yr in principal reduction bring total cumulative return to $105,460.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.8% |
| Monthly Cash Flow | $373 | $450 |
City averages based on Greensboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,684 |
| Total Monthly Debt Service | $1,225 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
0.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27405, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,151 (100%) |
| Owner Occupied HU | 10,849 (46.9%) |
| Renter Occupied HU | 10,647 (46.0%) |
| Vacant Housing Units | 1,655 ( 7.1%) |
| Median Home Value | $206,304 |
| Average Home Value | $251,583 |
Housing Distribution
Address Breakdown
Residential
21,840
Single Family
17,966
Multi-Family
3,874
Businesses
1,560
Nearby investment properties with comparable rents
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
Single Family
Built in 1950
0.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27405, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,151 (100%) |
| Owner Occupied HU | 10,849 (46.9%) |
| Renter Occupied HU | 10,647 (46.0%) |
| Vacant Housing Units | 1,655 ( 7.1%) |
| Median Home Value | $206,304 |
| Average Home Value | $251,583 |
Housing Distribution
Address Breakdown
Residential
21,840
Single Family
17,966
Multi-Family
3,874
Businesses
1,560
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cristina Ordonez • Howard Hanna Allen Tate High Point
Mls Name: Triad MLS
Mls ID: #1202295