509 Ritters Lake RdGreensboroNC27406
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 Ritters Lake Rd, Greensboro, NC, 27406 priced at $239,500 converts $2,260/mo rent into $801/mo cash flow after a $1,172/mo obligation. Total monthly income equals $2,260/mo, and annual cash flow totals $9,607/yr on $79,394 invested. Return on cash invested prints 32.01% in year one, and rental yield reads 11.32% against a $239,500 entry. Equity gained on principal adds $1,545/yr, while 5% annual appreciation compiles into $66,169 by year five. Five-year ROI reaches 167.62% and total cumulative return in cash sums $133,081. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,260/mo property income covering a $1,172/mo payment, not borrower’s personal income.
Single Family
Built in 1957
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27406, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,198 (100%) |
| Owner Occupied HU | 13,688 (50.3%) |
| Renter Occupied HU | 11,567 (42.5%) |
| Vacant Housing Units | 1,943 ( 7.1%) |
| Median Home Value | $239,903 |
| Average Home Value | $277,258 |
Housing Distribution
Address Breakdown
Residential
26,018
Single Family
20,787
Multi-Family
5,231
Businesses
1,418
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lauren Byers • Keller Williams Realty Elite
Mls Name: Triad MLS
Mls ID: #1197505