2218 Lakeland RdGreensboroNC27406
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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 2218 Lakeland Rd, Greensboro, NC, 27406 generates $1,903/mo in rent and, after a $1,094/mo payment, leaves $541/mo in cash flow. Total monthly income is $1,903/mo, and annual cash flow is $6,490/yr on $74,090 invested. Return on cash invested sits at 28.67% in year one, and rental yield is 10.22% on a $223,500 entry. Equity gained on principal adds $1,442/yr, while 5% annual appreciation builds toward $61,749 over five years. Five-year ROI reaches 149.71% and total cumulative return in cash sums $110,922. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,903/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27406, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,198 (100%) |
| Owner Occupied HU | 13,688 (50.3%) |
| Renter Occupied HU | 11,567 (42.5%) |
| Vacant Housing Units | 1,943 ( 7.1%) |
| Median Home Value | $239,903 |
| Average Home Value | $277,258 |
Housing Distribution
Address Breakdown
Residential
26,018
Single Family
20,787
Multi-Family
5,231
Businesses
1,418
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Listed by: Matthew Welch • Realty One Group Results Greensboro
Mls Name: Triad MLS
Mls ID: #1199668