2428 Cottage PlGreensboroNC27455
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2428 Cottage Pl, Greensboro, NC, 27455 in Greensboro speaks for itself: 10.93% gross on a $279,900 price, generating $2,550/mo in rent and $844/mo in net income after the $1,259/mo debt service. DSCR 2.03, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $10,130 stacks alongside $77,331 in projected five-year appreciation and $2,578/yr in principal reduction. Projected total cumulative return: $160,360.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.8% |
| Monthly Cash Flow | $844 | $450 |
City averages based on Greensboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,550 |
| Total Monthly Debt Service | $1,594 |
| DSCR Ratio | 1.60x |
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.
Townhouse
Built in 1981
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27455, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,333 (100%) |
| Owner Occupied HU | 9,413 (65.7%) |
| Renter Occupied HU | 4,353 (30.4%) |
| Vacant Housing Units | 567 ( 4.0%) |
| Median Home Value | $397,806 |
| Average Home Value | $426,455 |
Housing Distribution
Address Breakdown
Residential
13,970
Single Family
10,926
Multi-Family
3,044
Businesses
303
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
Townhouse
Built in 1981
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27455, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,333 (100%) |
| Owner Occupied HU | 9,413 (65.7%) |
| Renter Occupied HU | 4,353 (30.4%) |
| Vacant Housing Units | 567 ( 4.0%) |
| Median Home Value | $397,806 |
| Average Home Value | $426,455 |
Housing Distribution
Address Breakdown
Residential
13,970
Single Family
10,926
Multi-Family
3,044
Businesses
303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brittany Cecil • Berkshire Hathaway HomeServices Yost & Little Realty
Mls Name: Triad MLS
Mls ID: #1195223