329 N Washington AveReidsvilleNC27320
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 Reidsville at 329 N Washington Ave, Reidsville, NC, 27320 priced at $179,000 pairs $1,156/mo rent with $65/mo cash flow after a $876/mo payment. Total monthly income equals $1,156/mo, and annual cash flow comes to $782/yr on $59,339 invested. Return on cash invested is 21.23% in year one, and rental yield stands at 7.75% on a $179,000 basis. Equity gained on principal adds $1,155/yr, and 5% annual appreciation accumulates to $49,454 by year five. Five-year ROI measures 109.86% and total cumulative return in cash reaches $65,187. For financing, Ziffy Mortgage’s DSCR program evaluates $1,156/mo property income against a $876/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.50 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew Millaway • eXp Realty
Mls Name: Triad MLS
Mls ID: #1205501