313 King George RoadGreenvilleNC27858
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Greenville at 313 King George Road, Greenville, NC, 27858 priced at $550,000 converts $3,655/mo rent into $303/mo cash flow after a $2,692/mo obligation. Total monthly income equals $3,655/mo, and annual cash flow totals $3,636/yr on $180,950 invested. Return on cash invested prints 22.07% in year one, and rental yield reads 7.97% against a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 114.26% and total cumulative return in cash sums $206,746. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,655/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27858, Greenville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,836 (100%) |
| Owner Occupied HU | 11,801 (40.9%) |
| Renter Occupied HU | 11,729 (40.7%) |
| Vacant Housing Units | 5,306 (18.4%) |
| Median Home Value | $302,085 |
| Average Home Value | $328,010 |
Housing Distribution
Address Breakdown
Residential
25,796
Single Family
21,115
Multi-Family
4,681
Businesses
1,678
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LORI STANCILL • Keller Williams Realty Points East
Mls Name: Hive MLS
Mls ID: #100551324