513 Ridgecrest DrHigh PointNC27262
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
Investment property for sale in High Point at 513 Ridgecrest Dr, High Point, NC, 27262 at $115,000 posts ROI 26.3% with $203/mo cash flow from $904/mo rent. Total monthly income equals $904/mo, and annual cash flow records $2,436/yr on $38,123 to close. Return on cash invested measures 26.3% and rental yield reads 9.43% at the current $115,000. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 by year five. Five-year ROI prints 136.95% and total cumulative return in cash totals $52,209.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $904/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27262, High Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,134 (100%) |
| Owner Occupied HU | 5,397 (53.3%) |
| Renter Occupied HU | 3,828 (37.8%) |
| Vacant Housing Units | 909 ( 9.0%) |
| Median Home Value | $276,199 |
| Average Home Value | $321,726 |
Housing Distribution
Address Breakdown
Residential
9,710
Single Family
8,071
Multi-Family
1,639
Businesses
1,481
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael A. Bochenski • Hometown Realtors Brokered by eXp Realty
Mls Name: Triad MLS
Mls ID: #1205290