308 W Kearns AveHigh PointNC27260
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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
Rental property for sale in High Point at 308 W Kearns Ave, High Point, NC, 27260 priced at $169,900 converts $1,093/mo rent into $57/mo cash flow after a $832/mo obligation. Total monthly income equals $1,093/mo, and annual cash flow totals $685/yr on $56,322 invested. Return on cash invested prints 21.13% in year one, and rental yield reads 7.72% against a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation compiles into $46,940 by year five. Five-year ROI reaches 109.32% and total cumulative return in cash sums $61,574. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,093/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1964
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27260, High Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,115 (100%) |
| Owner Occupied HU | 3,930 (35.4%) |
| Renter Occupied HU | 6,075 (54.7%) |
| Vacant Housing Units | 1,110 ( 10.0%) |
| Median Home Value | $128,102 |
| Average Home Value | $189,263 |
Housing Distribution
Address Breakdown
Residential
10,063
Single Family
8,498
Multi-Family
1,565
Businesses
1,082
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Listed by: William Purgason • eXp Realty
Mls Name: Triad MLS
Mls ID: #1204494