2903 Lamroc RdGreensboroNC27407
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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 2903 Lamroc Rd, Greensboro, NC, 27407 offers a 8.3% rental yield on a $287,000 purchase with $1,985/mo rent. Total monthly income registers $1,985/mo, and a $1,405/mo payment leaves $236/mo available for distribution. Annual cash flow reaches $2,827/yr on $95,141 to close, and return on cash invested stands at 22.88% in year one. Equity gained on principal adds $1,852/yr while 5% annual appreciation supports $79,293 over five years. Portfolio math shows five-year ROI at 118.66% and total cumulative return in cash at $112,894. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,985/mo property income against a $1,405/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.32 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
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Listed by: Megan Johnson • Carolina Home Partners by eXp Realty
Mls Name: Triad MLS
Mls ID: #1186480