6702 W Friendly Ave Unit 3CGreensboroNC27410
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 6702 W Friendly Ave Unit 3C, Greensboro, NC, 27410 in Greensboro at $165,000 earns $1,313/mo in rent and nets $22/mo after the $742/mo payment, a 9.55% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $45,586 over five years. Ziffy Mortgage underwrites this on a 1.77 DSCR without U.S. credit history. With $1,520/yr in principal paydown, total projected return reaches $82,286.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.8% |
| Monthly Cash Flow | $22 | $450 |
City averages based on Greensboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,313 |
| Total Monthly Debt Service | $940 |
| DSCR Ratio | 1.40x |
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 2014
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27410, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,093 (100%) |
| Owner Occupied HU | 15,427 (56.9%) |
| Renter Occupied HU | 10,002 (36.9%) |
| Vacant Housing Units | 1,664 ( 6.1%) |
| Median Home Value | $350,535 |
| Average Home Value | $394,957 |
Housing Distribution
Address Breakdown
Residential
27,045
Single Family
17,953
Multi-Family
9,092
Businesses
1,203
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 2014
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27410, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,093 (100%) |
| Owner Occupied HU | 15,427 (56.9%) |
| Renter Occupied HU | 10,002 (36.9%) |
| Vacant Housing Units | 1,664 ( 6.1%) |
| Median Home Value | $350,535 |
| Average Home Value | $394,957 |
Housing Distribution
Address Breakdown
Residential
27,045
Single Family
17,953
Multi-Family
9,092
Businesses
1,203
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robyn Owen • Smart Move Group
Mls Name: Triad MLS
Mls ID: #1207734