2313 Purdy AveHigh PointNC27260
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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 High Point at 2313 Purdy Ave, High Point, NC, 27260 offers a 11.23% rental yield on a $124,900 purchase with $1,169/mo rent. Total monthly income registers $1,169/mo, and a $611/mo payment leaves $408/mo available for distribution. Annual cash flow reaches $4,897/yr on $41,404 to close, and return on cash invested stands at 31.74% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 166.24% and total cumulative return in cash at $68,830. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,169/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27260, High Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,115 (100%) |
| Owner Occupied HU | 3,930 (35.4%) |
| Renter Occupied HU | 6,075 (54.7%) |
| Vacant Housing Units | 1,110 ( 10.0%) |
| Median Home Value | $128,102 |
| Average Home Value | $189,263 |
Housing Distribution
Address Breakdown
Residential
10,063
Single Family
8,498
Multi-Family
1,565
Businesses
1,082
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Listed by: Marti Baity • Price REALTORS - Thomasville
Mls Name: Triad MLS
Mls ID: #1204607