4802 Summit AveGreensboroNC27405
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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 Greensboro at 4802 Summit Ave, Greensboro, NC, 27405 priced at $248,000 converts $1,831/mo rent into $319/mo cash flow after a $1,214/mo obligation. Total monthly income equals $1,831/mo, and annual cash flow totals $3,833/yr on $82,212 invested. Return on cash invested prints 24.57% in year one, and rental yield reads 8.86% against a $248,000 entry. Equity gained on principal adds $1,600/yr, while 5% annual appreciation compiles into $68,518 by year five. Five-year ROI reaches 127.74% and total cumulative return in cash sums $105,018. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,831/mo property income covering a $1,214/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27405, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,151 (100%) |
| Owner Occupied HU | 10,849 (46.9%) |
| Renter Occupied HU | 10,647 (46.0%) |
| Vacant Housing Units | 1,655 ( 7.1%) |
| Median Home Value | $206,304 |
| Average Home Value | $251,583 |
Housing Distribution
Address Breakdown
Residential
21,840
Single Family
17,966
Multi-Family
3,874
Businesses
1,560
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Listed by: Kara Farrar • TKB Realty Group LLC
Mls Name: Triad MLS
Mls ID: #1205066