1609 Cobb StGreensboroNC27403
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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 1609 Cobb St, Greensboro, NC, 27403 uses $94,146 cash to close to unlock $3,734/yr annual cash flow and $311/mo monthly cash flow. Total monthly income runs $2,042/mo, and a $1,390/mo payment keeps the spread at $311/mo. Purchase price stands at $284,000, and rental yield measures 8.63% with $2,042/mo rent. Return on cash invested shows 23.88% in year one, and 5% annual appreciation builds toward $78,464 over five years. Five-year ROI reaches 124.01% and total cumulative return in cash records $116,753. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,042/mo property income covering a $1,390/mo payment rather than investor’s personal income.
Single Family
Built in 1939
0.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27403, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,501 (100%) |
| Owner Occupied HU | 4,011 (42.2%) |
| Renter Occupied HU | 4,665 (49.1%) |
| Vacant Housing Units | 825 ( 8.7%) |
| Median Home Value | $318,407 |
| Average Home Value | $354,836 |
Housing Distribution
Address Breakdown
Residential
8,990
Single Family
7,832
Multi-Family
1,158
Businesses
657
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Listed by: Kriston Ashley • 360 Realty
Mls Name: Triad MLS
Mls ID: #1186341