2503 Lane RdGreensboroNC27408
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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 2503 Lane Rd, Greensboro, NC, 27408 uses $97,793 cash to close to unlock $6,276/yr annual cash flow and $523/mo monthly cash flow. Total monthly income runs $2,321/mo, and a $1,444/mo payment keeps the spread at $523/mo. Purchase price stands at $295,000, and rental yield measures 9.44% with $2,321/mo rent. Return on cash invested shows 26.33% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 137.1% and total cumulative return in cash records $134,078. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,321/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27408, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,597 (100%) |
| Owner Occupied HU | 5,747 (66.8%) |
| Renter Occupied HU | 2,394 (27.8%) |
| Vacant Housing Units | 456 ( 5.3%) |
| Median Home Value | $389,525 |
| Average Home Value | $484,426 |
Housing Distribution
Address Breakdown
Residential
8,548
Single Family
7,576
Multi-Family
972
Businesses
1,342
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Listed by: GiGi Moustafa • RE/MAX Realty Consultants
Mls Name: Triad MLS
Mls ID: #1197991