360 S Elm St APT 202GreensboroNC27401
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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 Greensboro at 360 S Elm St APT 202, Greensboro, NC, 27401 generates $2,160/mo in rent and, after a $1,174/mo payment, leaves $698/mo in cash flow. Total monthly income is $2,160/mo, and annual cash flow is $8,377/yr on $79,527 invested. Return on cash invested sits at 30.44% in year one, and rental yield is 10.8% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 159.28% and total cumulative return in cash sums $126,667. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.
Condo
Built in 2005
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27401, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,034 (100%) |
| Owner Occupied HU | 3,003 (29.9%) |
| Renter Occupied HU | 5,568 (55.5%) |
| Vacant Housing Units | 1,463 (14.6%) |
| Median Home Value | $221,587 |
| Average Home Value | $285,027 |
Housing Distribution
Address Breakdown
Residential
9,044
Single Family
6,962
Multi-Family
2,082
Businesses
1,476
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Listed by: Christina Vakalopoulos • Real Broker LLC
Mls Name: Triad MLS
Mls ID: #1199620