1608 Colonial AveGreensboroNC27408
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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 1608 Colonial Ave, Greensboro, NC, 27408 offers a 8.23% rental yield on a $362,500 purchase with $2,486/mo rent. Total monthly income registers $2,486/mo, and a $1,774/mo payment leaves $277/mo available for distribution. Annual cash flow reaches $3,324/yr on $120,169 to close, and return on cash invested stands at 22.68% in year one. Equity gained on principal adds $2,339/yr while 5% annual appreciation supports $100,152 over five years. Portfolio math shows five-year ROI at 117.54% and total cumulative return in cash at $141,242. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,486/mo property income against a $1,774/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
0.37 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: Craig McIntosh • Tyler Redhead & McAlister Real Estate, LLC
Mls Name: Triad MLS
Mls ID: #1190660