3614 Summit AveGreensboroNC27405
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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 3614 Summit Ave, Greensboro, NC, 27405 offers a 7.85% rental yield on a $195,000 purchase with $1,276/mo rent. Total monthly income registers $1,276/mo, and a $954/mo payment leaves $88/mo available for distribution. Annual cash flow reaches $1,056/yr on $64,643 to close, and return on cash invested stands at 21.54% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 111.47% and total cumulative return in cash at $72,058. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,276/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
5.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27405, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,151 (100%) |
| Owner Occupied HU | 10,849 (46.9%) |
| Renter Occupied HU | 10,647 (46.0%) |
| Vacant Housing Units | 1,655 ( 7.1%) |
| Median Home Value | $206,304 |
| Average Home Value | $251,583 |
Housing Distribution
Address Breakdown
Residential
21,840
Single Family
17,966
Multi-Family
3,874
Businesses
1,560
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Listed by: Kristen Brown • eXp Realty
Mls Name: Triad MLS
Mls ID: #1188728