429 Tate StHigh PtNC27260
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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 Pt at 429 Tate St, High Pt, NC, 27260 offers $1,153/mo rent that, after a $1,076/mo payment. Total monthly income is $1,153/mo. Return on cash invested measures 16.83% in year one, and rental yield stands at 6.29% at a $219,900 entry. Equity gained on principal adds $1,419/yr while 5% annual appreciation compounds into $60,754 by year five. Five-year ROI records 86.26% and total cumulative return in cash reaches $62,884. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,153/mo property income versus a $1,076/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27260, High Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,115 (100%) |
| Owner Occupied HU | 3,930 (35.4%) |
| Renter Occupied HU | 6,075 (54.7%) |
| Vacant Housing Units | 1,110 ( 10.0%) |
| Median Home Value | $128,102 |
| Average Home Value | $189,263 |
Housing Distribution
Address Breakdown
Residential
10,063
Single Family
8,498
Multi-Family
1,565
Businesses
1,082
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Listed by: Tracey Shrouder • 360 Realty
Mls Name: Triad MLS
Mls ID: #1205811