2217 New Garden RdGreensboroNC27410
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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 2217 New Garden Rd, Greensboro, NC, 27410 uses $61,991 cash to close to unlock $2,035/yr annual cash flow and $170/mo monthly cash flow. Total monthly income runs $1,309/mo, and a $915/mo payment keeps the spread at $170/mo. Purchase price stands at $187,000, and rental yield measures 8.4% with $1,309/mo rent. Return on cash invested shows 23.19% in year one, and 5% annual appreciation builds toward $51,665 over five years. Five-year ROI reaches 120.34% and total cumulative return in cash records $74,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,309/mo property income covering a $915/mo payment rather than investor’s personal income.
Condo
Built in 1992
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27410, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,093 (100%) |
| Owner Occupied HU | 15,427 (56.9%) |
| Renter Occupied HU | 10,002 (36.9%) |
| Vacant Housing Units | 1,664 ( 6.1%) |
| Median Home Value | $350,535 |
| Average Home Value | $394,957 |
Housing Distribution
Address Breakdown
Residential
27,045
Single Family
17,953
Multi-Family
9,092
Businesses
1,203
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Listed by: Evan Langston • NextHome Triad Realty
Mls Name: Triad MLS
Mls ID: #1206742