2216 W Cone BlvdGreensboroNC27408
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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 2216 W Cone Blvd, Greensboro, NC, 27408 uses $116,025 cash to close to unlock $10,980/yr annual cash flow and $915/mo monthly cash flow. Total monthly income runs $3,048/mo, and a $1,713/mo payment keeps the spread at $915/mo. Purchase price stands at $350,000, and rental yield measures 10.45% with $3,048/mo rent. Return on cash invested shows 29.37% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 153.45% and total cumulative return in cash records $178,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,048/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27408, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,597 (100%) |
| Owner Occupied HU | 5,747 (66.8%) |
| Renter Occupied HU | 2,394 (27.8%) |
| Vacant Housing Units | 456 ( 5.3%) |
| Median Home Value | $389,525 |
| Average Home Value | $484,426 |
Housing Distribution
Address Breakdown
Residential
8,548
Single Family
7,576
Multi-Family
972
Businesses
1,342
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Listed by: Matthew Millaway • eXp Realty
Mls Name: Triad MLS
Mls ID: #1205019