1706 Alice AveGreensboroNC27401
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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 1706 Alice Ave, Greensboro, NC, 27401 uses $48,068 cash to close to unlock $6,480/yr annual cash flow and $540/mo monthly cash flow. Total monthly income runs $1,424/mo, and a $710/mo payment keeps the spread at $540/mo. Purchase price stands at $145,000, and rental yield measures 11.78% with $1,424/mo rent. Return on cash invested shows 33.39% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 175% and total cumulative return in cash records $84,116. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,424/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27401, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,034 (100%) |
| Owner Occupied HU | 3,003 (29.9%) |
| Renter Occupied HU | 5,568 (55.5%) |
| Vacant Housing Units | 1,463 (14.6%) |
| Median Home Value | $221,587 |
| Average Home Value | $285,027 |
Housing Distribution
Address Breakdown
Residential
9,044
Single Family
6,962
Multi-Family
2,082
Businesses
1,476
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Listed by: Hattie M Crosby • CROWN REALTY & ASSOCIATES
Mls Name: Triad MLS
Mls ID: #1183083