306 Griffith StThomasvilleNC27360
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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 Thomasville at 306 Griffith St, Thomasville, NC, 27360 offers a 12.42% rental yield on a $150,000 purchase with $1,552/mo rent. Total monthly income registers $1,552/mo, and a $734/mo payment leaves $638/mo available for distribution. Annual cash flow reaches $7,656/yr on $49,725 to close, and return on cash invested stands at 35.31% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 185.28% and total cumulative return in cash at $92,130. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,552/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27360, Thomasville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,717 (100%) |
| Owner Occupied HU | 13,122 (63.3%) |
| Renter Occupied HU | 6,131 (29.6%) |
| Vacant Housing Units | 1,464 ( 7.1%) |
| Median Home Value | $224,747 |
| Average Home Value | $265,283 |
Housing Distribution
Address Breakdown
Residential
20,241
Single Family
20,013
Multi-Family
228
Businesses
1,293
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Listed by: Madison Allred • Howard Hanna Allen Tate-Asheboro
Mls Name: Triad MLS
Mls ID: #1195546