613 Thomas StReidsvilleNC27320
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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 Reidsville at 613 Thomas St, Reidsville, NC, 27320 uses $58,013 cash to close to unlock $5,640/yr annual cash flow and $470/mo monthly cash flow. Total monthly income runs $1,537/mo, and a $857/mo payment keeps the spread at $470/mo. Purchase price stands at $175,000, and rental yield measures 10.54% with $1,537/mo rent. Return on cash invested shows 29.63% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 154.84% and total cumulative return in cash records $89,827. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,537/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1934
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27320, Reidsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,514 (100%) |
| Owner Occupied HU | 11,438 (61.8%) |
| Renter Occupied HU | 5,253 (28.4%) |
| Vacant Housing Units | 1,823 ( 9.8%) |
| Median Home Value | $212,764 |
| Average Home Value | $265,031 |
Housing Distribution
Address Breakdown
Residential
17,206
Single Family
15,903
Multi-Family
1,303
Businesses
912
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Listed by: James Foster • Real Broker, LLC
Mls Name: Triad MLS
Mls ID: #1193036