413 Vernon RdReidsvilleNC27320
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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 Reidsville at 413 Vernon Rd, Reidsville, NC, 27320 priced at $309,000 pairs $1,583/mo rent with after a $1,512/mo payment. Total monthly income equals $1,583/mo. Return on cash invested is 16.4% in year one, and rental yield stands at 6.15% on a $309,000 basis. Equity gained on principal adds $1,994/yr, and 5% annual appreciation accumulates to $85,371 by year five. Five-year ROI measures 83.92% and total cumulative return in cash reaches $85,961. For financing, Ziffy Mortgage’s DSCR program evaluates $1,583/mo property income against a $1,512/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27320, Reidsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,514 (100%) |
| Owner Occupied HU | 11,438 (61.8%) |
| Renter Occupied HU | 5,253 (28.4%) |
| Vacant Housing Units | 1,823 ( 9.8%) |
| Median Home Value | $212,764 |
| Average Home Value | $265,031 |
Housing Distribution
Address Breakdown
Residential
17,206
Single Family
15,903
Multi-Family
1,303
Businesses
912
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Listed by: Mark A. Nance • Mark Nance Realty Group LLC
Mls Name: Triad MLS
Mls ID: #1204770