608 N Tremont DrGreensboroNC27403
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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 608 N Tremont Dr, Greensboro, NC, 27403 offers a 9.5% rental yield on a $149,000 purchase with $1,180/mo rent. Total monthly income registers $1,180/mo, and a $729/mo payment leaves $272/mo available for distribution. Annual cash flow reaches $3,266/yr on $49,394 to close, and return on cash invested stands at 26.52% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,166 over five years. Portfolio math shows five-year ROI at 138.24% and total cumulative return in cash at $68,284. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,180/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1950
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27403, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,501 (100%) |
| Owner Occupied HU | 4,011 (42.2%) |
| Renter Occupied HU | 4,665 (49.1%) |
| Vacant Housing Units | 825 ( 8.7%) |
| Median Home Value | $318,407 |
| Average Home Value | $354,836 |
Housing Distribution
Address Breakdown
Residential
8,990
Single Family
7,832
Multi-Family
1,158
Businesses
657
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Listed by: Ann Wilburn • Preferred Realty Triad
Mls Name: Triad MLS
Mls ID: #1187015