202 Carter Ridge DrReidsvilleNC27320
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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 Reidsville at 202 Carter Ridge Dr, Reidsville, NC, 27320 priced at $253,000 converts $2,075/mo rent into $533/mo cash flow after a $1,238/mo obligation. Total monthly income equals $2,075/mo, and annual cash flow totals $6,401/yr on $83,870 invested. Return on cash invested prints 27.54% in year one, and rental yield reads 9.84% against a $253,000 entry. Equity gained on principal adds $1,633/yr, while 5% annual appreciation compiles into $69,899 by year five. Five-year ROI reaches 143.68% and total cumulative return in cash sums $120,508. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,075/mo property income covering a $1,238/mo payment, not borrower’s personal income.
Single Family
Built in 2003
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27320, Reidsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,514 (100%) |
| Owner Occupied HU | 11,438 (61.8%) |
| Renter Occupied HU | 5,253 (28.4%) |
| Vacant Housing Units | 1,823 ( 9.8%) |
| Median Home Value | $212,764 |
| Average Home Value | $265,031 |
Housing Distribution
Address Breakdown
Residential
17,206
Single Family
15,903
Multi-Family
1,303
Businesses
912
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Listed by: Jennifer Huffman • Jeff Cook Real Estate LPT Realty
Mls Name: Triad MLS
Mls ID: #1205075