427 Wright StHigh PointNC27262
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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 427 Wright St, High Point, NC, 27262 priced at $249,900 pairs $2,400/mo rent with $877/mo cash flow after a $1,223/mo payment. Total monthly income equals $2,400/mo, and annual cash flow comes to $10,525/yr on $82,842 invested. Return on cash invested is 32.61% in year one, and rental yield stands at 11.52% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 170.9% and total cumulative return in cash reaches $141,578. For financing, Ziffy Mortgage’s DSCR program evaluates $2,400/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1931
0.34 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
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Listed by: Deborah West • Home Connections Realty
Mls Name: Triad MLS
Mls ID: #1203995