209 Rivermeade DrArchdaleNC27263
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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 Archdale at 209 Rivermeade Dr, Archdale, NC, 27263 uses $94,146 cash to close to unlock $3,950/yr annual cash flow and $329/mo monthly cash flow. Total monthly income runs $2,060/mo, and a $1,390/mo payment keeps the spread at $329/mo. Purchase price stands at $284,000, and rental yield measures 8.7% with $2,060/mo rent. Return on cash invested shows 24.11% in year one, and 5% annual appreciation builds toward $78,464 over five years. Five-year ROI reaches 125.26% and total cumulative return in cash records $117,929. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,060/mo property income covering a $1,390/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27263, High Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,638 (100%) |
| Owner Occupied HU | 6,092 (63.2%) |
| Renter Occupied HU | 3,035 (31.5%) |
| Vacant Housing Units | 511 ( 5.3%) |
| Median Home Value | $234,242 |
| Average Home Value | $264,047 |
Housing Distribution
Address Breakdown
Residential
9,313
Single Family
8,529
Multi-Family
784
Businesses
1,382
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Listed by: Michael Byrd • Stan Byrd & Associates
Mls Name: Triad MLS
Mls ID: #1202258