305 Carter Ridge DrReidsvilleNC27320
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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 Reidsville at 305 Carter Ridge Dr, Reidsville, NC, 27320 listed at $305,000 pairs $2,503/mo rent with a $1,493/mo payment to leave $644/mo cash flow. Total monthly income runs $2,503/mo, and annual cash flow reaches $7,728/yr on $101,108 cash to close. Return on cash invested measures 27.55% in year one, and rental yield registers 9.85% at a $305,000 basis. Equity gained on principal adds $1,968/yr, and annual property appreciation at 5% supports $84,266 by year five. Five-year ROI tracks 143.69% and total cumulative return in cash totals $145,282. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,503/mo property income relative to a $1,493/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27320, Reidsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,514 (100%) |
| Owner Occupied HU | 11,438 (61.8%) |
| Renter Occupied HU | 5,253 (28.4%) |
| Vacant Housing Units | 1,823 ( 9.8%) |
| Median Home Value | $212,764 |
| Average Home Value | $265,031 |
Housing Distribution
Address Breakdown
Residential
17,206
Single Family
15,903
Multi-Family
1,303
Businesses
912
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Listed by: Precious Drakeford • Homzi
Mls Name: Triad MLS
Mls ID: #1205672