1602 Boundary AveHigh PointNC27260
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
Investment Highlights
Rental property for sale in High Point at 1602 Boundary Ave, High Point, NC, 27260 priced at $129,000 pairs $1,169/mo rent with $383/mo cash flow after a $631/mo payment. Total monthly income equals $1,169/mo, and annual cash flow comes to $4,598/yr on $42,764 invested. Return on cash invested is 30.66% in year one, and rental yield stands at 10.87% on a $129,000 basis. Equity gained on principal adds $832/yr, and 5% annual appreciation accumulates to $35,640 by year five. Five-year ROI measures 160.46% and total cumulative return in cash reaches $68,617. For financing, Ziffy Mortgage’s DSCR program evaluates $1,169/mo property income against a $631/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27260, High Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,115 (100%) |
| Owner Occupied HU | 3,930 (35.4%) |
| Renter Occupied HU | 6,075 (54.7%) |
| Vacant Housing Units | 1,110 ( 10.0%) |
| Median Home Value | $128,102 |
| Average Home Value | $189,263 |
Housing Distribution
Address Breakdown
Residential
10,063
Single Family
8,498
Multi-Family
1,565
Businesses
1,082
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tran Nguyen • Triad Lifestyle Realty
Mls Name: Triad MLS
Mls ID: #1181445