514 Clark AveGreensboroNC27406
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 Greensboro at 514 Clark Ave, Greensboro, NC, 27406 uses $77,903 cash to close to unlock $5,184/yr annual cash flow and $432/mo monthly cash flow. Total monthly income runs $1,864/mo, and a $1,150/mo payment keeps the spread at $432/mo. Purchase price stands at $235,000, and rental yield measures 9.52% with $1,864/mo rent. Return on cash invested shows 26.56% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 138.39% and total cumulative return in cash records $107,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,864/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1971
0.29 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: Naomi Brown-Rasmussen • Housewell.com Realty of North Carolina
Mls Name: Triad MLS
Mls ID: #1202043