4428 Cove Cay LnGreensboroNC27410
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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
Investment property for sale in Greensboro at 4428 Cove Cay Ln, Greensboro, NC, 27410 offers a 8.98% rental yield on a $265,000 purchase with $1,982/mo rent. Total monthly income registers $1,982/mo, and a $1,297/mo payment leaves $367/mo available for distribution. Annual cash flow reaches $4,404/yr on $87,848 to close, and return on cash invested stands at 24.92% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 129.57% and total cumulative return in cash at $113,823. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,982/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1996
0.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27410, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,093 (100%) |
| Owner Occupied HU | 15,427 (56.9%) |
| Renter Occupied HU | 10,002 (36.9%) |
| Vacant Housing Units | 1,664 ( 6.1%) |
| Median Home Value | $350,535 |
| Average Home Value | $394,957 |
Housing Distribution
Address Breakdown
Residential
27,045
Single Family
17,953
Multi-Family
9,092
Businesses
1,203
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Listed by: Joshua Christopher • Keller Williams Elite Realty
Mls Name: Triad MLS
Mls ID: #1191617