3634 Morris Farm Dr APT 3AGreensboroNC27409
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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 3634 Morris Farm Dr APT 3A, Greensboro, NC, 27409 uses $49,725 cash to close to unlock $9,852/yr annual cash flow and $821/mo monthly cash flow. Total monthly income runs $1,735/mo, and a $734/mo payment keeps the spread at $821/mo. Purchase price stands at $150,000, and rental yield measures 13.88% with $1,735/mo rent. Return on cash invested shows 39.72% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 208.98% and total cumulative return in cash records $103,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,735/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1996
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: Tyler Garlatz • Carolina Home Partners by eXp Realty
Mls Name: Triad MLS
Mls ID: #1194483