2709 Lafayette AveGreensboroNC27408
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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 2709 Lafayette Ave, Greensboro, NC, 27408 generates $2,159/mo in rent, after a $1,806/mo payment. Total monthly income is $2,159/mo. Return on cash invested sits at 19.03% in year one, and rental yield is 7.02% on a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 98.03% and total cumulative return in cash sums $119,919. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,159/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
0.30 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: Raigen Stiefel • KELLER WILLIAMS REALTY
Mls Name: Triad MLS
Mls ID: #1201989