5507 Hornaday RdGreensboroNC27409
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 5507 Hornaday Rd, Greensboro, NC, 27409 in Greensboro earns a 9.13% gross yield at $134,000. Rent of $1,020/mo nets $203/mo after the $603/mo mortgage. The 1.69 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $37,022 and $1,234/yr in equity accumulation project a total cumulative return of $63,862.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.8% |
| Monthly Cash Flow | $203 | $450 |
City averages based on Greensboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,020 |
| Total Monthly Debt Service | $763 |
| DSCR Ratio | 1.34x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1993
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27409, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,953 (100%) |
| Owner Occupied HU | 3,627 (33.1%) |
| Renter Occupied HU | 6,524 (59.6%) |
| Vacant Housing Units | 802 ( 7.3%) |
| Median Home Value | $259,275 |
| Average Home Value | $328,348 |
Housing Distribution
Address Breakdown
Residential
10,145
Single Family
4,059
Multi-Family
6,086
Businesses
1,308
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
Condo
Built in 1993
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27409, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,953 (100%) |
| Owner Occupied HU | 3,627 (33.1%) |
| Renter Occupied HU | 6,524 (59.6%) |
| Vacant Housing Units | 802 ( 7.3%) |
| Median Home Value | $259,275 |
| Average Home Value | $328,348 |
Housing Distribution
Address Breakdown
Residential
10,145
Single Family
4,059
Multi-Family
6,086
Businesses
1,308
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pamela W. Robbins • Pam Robbins Real Estate Group LLC
Mls Name: Triad MLS
Mls ID: #1194122