2328 W Vandalia RdGreensboroNC27407
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2328 W Vandalia Rd, Greensboro, NC, 27407 in Greensboro carries a 1.74 coverage ratio, rent of $847/mo is 1.74 times the $486/mo payment. Rental yield 9.41%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $108,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $29,838; total projected cumulative return: $53,068.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.8% |
| Monthly Cash Flow | $(79) | $450 |
City averages based on Greensboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $847 |
| Total Monthly Debt Service | $615 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1987
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27407, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,750 (100%) |
| Owner Occupied HU | 9,856 (43.3%) |
| Renter Occupied HU | 11,357 (49.9%) |
| Vacant Housing Units | 1,537 ( 6.8%) |
| Median Home Value | $249,466 |
| Average Home Value | $311,212 |
Housing Distribution
Address Breakdown
Residential
22,221
Single Family
14,870
Multi-Family
7,351
Businesses
1,927
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1987
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27407, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,750 (100%) |
| Owner Occupied HU | 9,856 (43.3%) |
| Renter Occupied HU | 11,357 (49.9%) |
| Vacant Housing Units | 1,537 ( 6.8%) |
| Median Home Value | $249,466 |
| Average Home Value | $311,212 |
Housing Distribution
Address Breakdown
Residential
22,221
Single Family
14,870
Multi-Family
7,351
Businesses
1,927
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Gumaer • Howard Hanna Allen Tate High Point
Mls Name: Triad MLS
Mls ID: #1209714