509 Cable StHigh PointNC27260
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Nearby investment properties with comparable prices
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 509 Cable St, High Point, NC, 27260 priced at $120,000 pairs $1,892/mo rent with $1,161/mo cash flow after a $587/mo payment. Total monthly income equals $1,892/mo, and annual cash flow comes to $13,932/yr on $39,780 invested. Return on cash invested is 54.93% in year one, and rental yield stands at 18.92% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 290.52% and total cumulative return in cash reaches $115,567. For financing, Ziffy Mortgage’s DSCR program evaluates $1,892/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1922
0.16 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: Brian Sanchez • JET Realty Carolinas
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4282889