3710 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
Investment property for sale in High Pt at 3710 Spanish Peak Dr APT 2D, High Pt, NC, 27265 earns $631/mo cash flow from $1,780/mo rent with a $923/mo payment. Total monthly income totals $1,780/mo, and annual cash flow totals $7,570/yr on $62,488 capital. ROI tracks 32.02% on current figures, and rental yield reads 11.33% at a $188,500 purchase. Equity gained on principal adds $1,216/yr, and 5% annual appreciation supports $52,079 over five years. Five-year ROI reaches 167.7% and total cumulative return in cash sums $104,793. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,780/mo property income instead of your personal income.
Condo
Built in 2002
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: Laurie Olim Edwards • Howard Hanna Allen Tate High Point
Mls Name: Triad MLS
Mls ID: #1191314