1602 Alderman DrGreensboroNC27408
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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 Greensboro at 1602 Alderman Dr, Greensboro, NC, 27408 earns $165/mo cash flow from $2,469/mo rent with a $1,850/mo payment. Total monthly income totals $2,469/mo, and annual cash flow totals $1,985/yr on $125,307 capital. ROI tracks 21.49% on current figures, and rental yield reads 7.84% at a $378,000 purchase. Equity gained on principal adds $2,439/yr, and 5% annual appreciation supports $104,434 over five years. Five-year ROI reaches 111.22% and total cumulative return in cash sums $139,365. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,469/mo property income instead of your personal income.
Single Family
Built in 1966
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27408, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,597 (100%) |
| Owner Occupied HU | 5,747 (66.8%) |
| Renter Occupied HU | 2,394 (27.8%) |
| Vacant Housing Units | 456 ( 5.3%) |
| Median Home Value | $389,525 |
| Average Home Value | $484,426 |
Housing Distribution
Address Breakdown
Residential
8,548
Single Family
7,576
Multi-Family
972
Businesses
1,342
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Listed by: Chidi Akwari • Akwari & Company, LLC
Mls Name: Triad MLS
Mls ID: #1203372