5506 Wayne RdGreensboroNC27407
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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 5506 Wayne Rd, Greensboro, NC, 27407 uses $137,573 cash to close to unlock $3,120/yr annual cash flow and $260/mo monthly cash flow. Total monthly income runs $2,789/mo, and a $2,031/mo payment keeps the spread at $260/mo. Purchase price stands at $415,000, and rental yield measures 8.06% with $2,789/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 114.87% and total cumulative return in cash records $158,025. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,789/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27407, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,750 (100%) |
| Owner Occupied HU | 9,856 (43.3%) |
| Renter Occupied HU | 11,357 (49.9%) |
| Vacant Housing Units | 1,537 ( 6.8%) |
| Median Home Value | $249,466 |
| Average Home Value | $311,212 |
Housing Distribution
Address Breakdown
Residential
22,221
Single Family
14,870
Multi-Family
7,351
Businesses
1,927
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Listed by: Mandy Lane Kinney • Gate City Real Estate
Mls Name: Triad MLS
Mls ID: #1200587