2 Downing Ridge CtGreensboroNC27407
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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
Rental property for sale in Greensboro at 2 Downing Ridge Ct, Greensboro, NC, 27407 offers $2,557/mo rent that, after a $1,701/mo payment, leaves $439/mo cash flow. Total monthly income is $2,557/mo, and annual cash flow is $5,268/yr on $115,196 cash. Return on cash invested measures 24.48% in year one, and rental yield stands at 8.83% at a $347,500 entry. Equity gained on principal adds $2,242/yr while 5% annual appreciation compounds into $96,008 by year five. Five-year ROI records 127.22% and total cumulative return in cash reaches $146,553. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,557/mo property income versus a $1,701/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27407, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,750 (100%) |
| Owner Occupied HU | 9,856 (43.3%) |
| Renter Occupied HU | 11,357 (49.9%) |
| Vacant Housing Units | 1,537 ( 6.8%) |
| Median Home Value | $249,466 |
| Average Home Value | $311,212 |
Housing Distribution
Address Breakdown
Residential
22,221
Single Family
14,870
Multi-Family
7,351
Businesses
1,927
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Listed by: Nicole T. Slovak • United Realty Group Inc
Mls Name: Triad MLS
Mls ID: #1198445