706 W Cornwallis DrGreensboroNC27408
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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 706 W Cornwallis Dr, Greensboro, NC, 27408 priced at $799,900 converts $5,113/mo rent into $238/mo cash flow after a $3,915/mo obligation. Total monthly income equals $5,113/mo, and annual cash flow totals $2,857/yr on $263,167 invested. Return on cash invested prints 21.15% in year one, and rental yield reads 7.67% against a $799,900 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation compiles into $220,998 by year five. Five-year ROI reaches 109.33% and total cumulative return in cash sums $287,712. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,113/mo property income covering a $3,915/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.44 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: Ashby Cook, III • Real Broker LLC
Mls Name: Triad MLS
Mls ID: #1197330