2924 Monterey StGreensboroNC27406
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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 2924 Monterey St, Greensboro, NC, 27406 uses $85,859 cash to close to unlock $6,182/yr annual cash flow and $515/mo monthly cash flow. Total monthly income runs $2,094/mo, and a $1,268/mo payment keeps the spread at $515/mo. Purchase price stands at $259,000, and rental yield measures 9.7% with $2,094/mo rent. Return on cash invested shows 27.11% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 141.38% and total cumulative return in cash records $121,384. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,094/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Single Family
Built in 1947
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27406, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,198 (100%) |
| Owner Occupied HU | 13,688 (50.3%) |
| Renter Occupied HU | 11,567 (42.5%) |
| Vacant Housing Units | 1,943 ( 7.1%) |
| Median Home Value | $239,903 |
| Average Home Value | $277,258 |
Housing Distribution
Address Breakdown
Residential
26,018
Single Family
20,787
Multi-Family
5,231
Businesses
1,418
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Listed by: Jane McIntyre • Berkshire Hathaway HomeServices Yost & Little Realty
Mls Name: Triad MLS
Mls ID: #1207033