703 N Elam AveGreensboroNC27408
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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 703 N Elam Ave, Greensboro, NC, 27408 priced at $320,000 pairs $2,040/mo rent with $90/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,040/mo, and annual cash flow comes to $1,080/yr on $106,080 invested. Return on cash invested is 20.93% in year one, and rental yield stands at 7.65% on a $320,000 basis. Equity gained on principal adds $2,065/yr, and 5% annual appreciation accumulates to $88,410 by year five. Five-year ROI measures 108.16% and total cumulative return in cash reaches $114,735. For financing, Ziffy Mortgage’s DSCR program evaluates $2,040/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27408, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,597 (100%) |
| Owner Occupied HU | 5,747 (66.8%) |
| Renter Occupied HU | 2,394 (27.8%) |
| Vacant Housing Units | 456 ( 5.3%) |
| Median Home Value | $389,525 |
| Average Home Value | $484,426 |
Housing Distribution
Address Breakdown
Residential
8,548
Single Family
7,576
Multi-Family
972
Businesses
1,342
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Listed by: Melvina Smith • Dominion Realty
Mls Name: Triad MLS
Mls ID: #1205918