701 Park AveGreensboroNC27405
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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 701 Park Ave, Greensboro, NC, 27405 uses $63,615 cash to close to unlock $729/yr annual cash flow and $61/mo monthly cash flow. Total monthly income runs $1,230/mo, and a $939/mo payment keeps the spread at $61/mo. Purchase price stands at $191,900, and rental yield measures 7.69% with $1,230/mo rent. Return on cash invested shows 21.05% in year one, and 5% annual appreciation builds toward $53,018 over five years. Five-year ROI reaches 108.88% and total cumulative return in cash records $69,261. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,230/mo property income covering a $939/mo payment rather than investor’s personal income.
Single Family
Built in 1947
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27405, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,151 (100%) |
| Owner Occupied HU | 10,849 (46.9%) |
| Renter Occupied HU | 10,647 (46.0%) |
| Vacant Housing Units | 1,655 ( 7.1%) |
| Median Home Value | $206,304 |
| Average Home Value | $251,583 |
Housing Distribution
Address Breakdown
Residential
21,840
Single Family
17,966
Multi-Family
3,874
Businesses
1,560
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Listed by: Kristi Long • RE/MAX Revolution
Mls Name: Triad MLS
Mls ID: #1203026