309 Vernon RdReidsvilleNC27320
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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 Reidsville at 309 Vernon Rd, Reidsville, NC, 27320 priced at $344,900 pairs $1,800/mo rent with after a $1,688/mo payment. Total monthly income equals $1,800/mo. Return on cash invested is 16.74% in year one, and rental yield stands at 6.26% on a $344,900 basis. Equity gained on principal adds $2,226/yr, and 5% annual appreciation accumulates to $95,290 by year five. Five-year ROI measures 85.77% and total cumulative return in cash reaches $98,061. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $1,688/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
1.51 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: Karen Wheby • CENTURY 21 THE KNOWLES TEAM
Mls Name: Triad MLS
Mls ID: #1202802