509 Park AveGreensboroNC27405
Nearby investment properties with comparable rents
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 Greensboro at 509 Park Ave, Greensboro, NC, 27405 priced at $475,000 converts $1,295/mo rent into after a $2,325/mo obligation. Total monthly income equals $1,295/mo. Return on cash invested prints 7.72% in year one, and rental yield reads 3.27% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 37.32% and total cumulative return in cash sums $58,759. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,295/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1935
0.16 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Max Morrison • Carolina Realty Solutions
Mls Name: Triad MLS
Mls ID: #1204253