400 E Springfield RdHigh PointNC27263
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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 Point at 400 E Springfield Rd, High Point, NC, 27263 priced at $265,000 converts $2,023/mo rent into $408/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,023/mo, and annual cash flow totals $4,896/yr on $87,848 invested. Return on cash invested prints 25.48% in year one, and rental yield reads 9.16% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 132.59% and total cumulative return in cash sums $116,475. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,023/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27263, High Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,638 (100%) |
| Owner Occupied HU | 6,092 (63.2%) |
| Renter Occupied HU | 3,035 (31.5%) |
| Vacant Housing Units | 511 ( 5.3%) |
| Median Home Value | $234,242 |
| Average Home Value | $264,047 |
Housing Distribution
Address Breakdown
Residential
9,313
Single Family
8,529
Multi-Family
784
Businesses
1,382
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Listed by: Mumtaz "Taz" Ameen • eXp Realty
Mls Name: Triad MLS
Mls ID: #1195110