183 N Honey Locust DrThomasvilleNC27360
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
Investment property for sale in Thomasville at 183 N Honey Locust Dr, Thomasville, NC, 27360 at $449,900 posts ROI 33.4% with $1,676/mo cash flow from $4,418/mo rent. Total monthly income equals $4,418/mo, and annual cash flow records $20,113/yr on $149,142 to close. Return on cash invested measures 33.4% and rental yield reads 11.78% at the current $449,900. Equity gained on principal adds $2,903/yr, and 5% annual appreciation supports $124,299 by year five. Five-year ROI prints 175.06% and total cumulative return in cash totals $261,094.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,418/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2017
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27360, Thomasville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,717 (100%) |
| Owner Occupied HU | 13,122 (63.3%) |
| Renter Occupied HU | 6,131 (29.6%) |
| Vacant Housing Units | 1,464 ( 7.1%) |
| Median Home Value | $224,747 |
| Average Home Value | $265,283 |
Housing Distribution
Address Breakdown
Residential
20,241
Single Family
20,013
Multi-Family
228
Businesses
1,293
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Listed by: Blake Ginther • Keller Williams Realty Elite
Mls Name: Triad MLS
Mls ID: #1194248