360 S Elm St APT 304GreensboroNC27401
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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
Investment property for sale in Greensboro at 360 S Elm St APT 304, Greensboro, NC, 27401 listed at $249,000 pairs $1,415/mo rent with a $1,219/mo payment. Total monthly income runs $1,415/mo. Return on cash invested measures 18.41% in year one, and rental yield registers 6.82% at a $249,000 basis. Equity gained on principal adds $1,607/yr, and annual property appreciation at 5% supports $68,794 by year five. Five-year ROI tracks 94.77% and total cumulative return in cash totals $78,224. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,415/mo property income relative to a $1,219/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Kathy Haines • Carolina Home Partners by eXp Realty
Mls Name: Triad MLS
Mls ID: #1190702