3624-2A Morris Farm DrGreensboroNC27409
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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 3624-2A Morris Farm Dr, Greensboro, NC, 27409 listed at $145,000 pairs $1,110/mo rent with a $710/mo payment to leave $226/mo cash flow. Total monthly income runs $1,110/mo, and annual cash flow reaches $2,712/yr on $48,068 cash to close. Return on cash invested measures 25.55% in year one, and rental yield registers 9.19% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 132.98% and total cumulative return in cash totals $63,920. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,110/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1994
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27409, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,953 (100%) |
| Owner Occupied HU | 3,627 (33.1%) |
| Renter Occupied HU | 6,524 (59.6%) |
| Vacant Housing Units | 802 ( 7.3%) |
| Median Home Value | $259,275 |
| Average Home Value | $328,348 |
Housing Distribution
Address Breakdown
Residential
10,145
Single Family
4,059
Multi-Family
6,086
Businesses
1,308
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Listed by: Angela N. Renfro • Robin Realty
Mls Name: Triad MLS
Mls ID: #1193425