607 Lucerne StGreensboroNC27406
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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
Rental property for sale in Greensboro at 607 Lucerne St, Greensboro, NC, 27406 priced at $187,000 pairs $1,472/mo rent with $333/mo cash flow after a $915/mo payment. Total monthly income equals $1,472/mo, and annual cash flow comes to $3,991/yr on $61,991 invested. Return on cash invested is 26.35% in year one, and rental yield stands at 9.45% on a $187,000 basis. Equity gained on principal adds $1,207/yr, and 5% annual appreciation accumulates to $51,665 by year five. Five-year ROI measures 137.28% and total cumulative return in cash reaches $85,098. For financing, Ziffy Mortgage’s DSCR program evaluates $1,472/mo property income against a $915/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
0.28 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
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Listed by: Aprill Smith • eXp Realty
Mls Name: Triad MLS
Mls ID: #1196274