413 Greenwood DrHigh PointNC27262
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 413 Greenwood Dr, High Point, NC, 27262 priced at $180,000 converts $1,592/mo rent into $495/mo cash flow after a $881/mo obligation. Total monthly income equals $1,592/mo, and annual cash flow totals $5,940/yr on $59,670 invested. Return on cash invested prints 29.86% in year one, and rental yield reads 10.61% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 156.09% and total cumulative return in cash sums $93,137. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,592/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1938
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27262, High Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,134 (100%) |
| Owner Occupied HU | 5,397 (53.3%) |
| Renter Occupied HU | 3,828 (37.8%) |
| Vacant Housing Units | 909 ( 9.0%) |
| Median Home Value | $276,199 |
| Average Home Value | $321,726 |
Housing Distribution
Address Breakdown
Residential
9,710
Single Family
8,071
Multi-Family
1,639
Businesses
1,481
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Grant Martin • HELP-U-SELL OF GREENSBORO
Mls Name: Triad MLS
Mls ID: #1203122