2804 W Cornwallis DrGreensboroNC27408
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
Investment Highlights
Investment property for sale in Greensboro at 2804 W Cornwallis Dr, Greensboro, NC, 27408 offers a 8.1% rental yield on a $425,000 purchase with $2,869/mo rent. Total monthly income registers $2,869/mo, and a $2,080/mo payment leaves $279/mo available for distribution. Annual cash flow reaches $3,348/yr on $140,888 to close, and return on cash invested stands at 22.29% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 115.44% and total cumulative return in cash at $162,641. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,869/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.34 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristen Haynes • Triad's Finest Real Estate by eXp Realty
Mls Name: Triad MLS
Mls ID: #1206527