3620 Spanish Peak Dr APT 2DHigh PtNC27265
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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 High Pt at 3620 Spanish Peak Dr APT 2D, High Pt, NC, 27265 generates $1,474/mo in rent and, after a $915/mo payment, leaves $335/mo in cash flow. Total monthly income is $1,474/mo, and annual cash flow is $4,015/yr on $61,991 invested. Return on cash invested sits at 26.39% in year one, and rental yield is 9.46% on a $187,000 entry. Equity gained on principal adds $1,207/yr, while 5% annual appreciation builds toward $51,665 over five years. Five-year ROI reaches 137.47% and total cumulative return in cash sums $85,218. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,474/mo property income rather than buyer’s personal income.
Condo
Built in 2008
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27265, High Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,616 (100%) |
| Owner Occupied HU | 15,221 (64.5%) |
| Renter Occupied HU | 7,307 (30.9%) |
| Vacant Housing Units | 1,088 ( 4.6%) |
| Median Home Value | $292,719 |
| Average Home Value | $335,854 |
Housing Distribution
Address Breakdown
Residential
23,126
Single Family
17,854
Multi-Family
5,272
Businesses
1,039
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Listed by: Jessica Ussery • Re/Max Realty Consultants
Mls Name: Triad MLS
Mls ID: #1205381