708 Garrett StGreensboroNC27406
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow708 Garrett St, Greensboro, NC, 27406 in Greensboro earns its strong cash-flow label: 10.21% yield, $1,830/mo rent, $520/mo net income, DSCR 1.89. The $215,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $59,401 by year five. Combined with $1,980/yr in principal paydown, total projected return reaches $114,856.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.8% |
| Monthly Cash Flow | $520 | $450 |
City averages based on Greensboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,830 |
| Total Monthly Debt Service | $1,225 |
| DSCR Ratio | 1.49x |
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.
Single Family
Built in 1993
0.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27406, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,198 (100%) |
| Owner Occupied HU | 13,688 (50.3%) |
| Renter Occupied HU | 11,567 (42.5%) |
| Vacant Housing Units | 1,943 ( 7.1%) |
| Median Home Value | $239,903 |
| Average Home Value | $277,258 |
Housing Distribution
Address Breakdown
Residential
26,018
Single Family
20,787
Multi-Family
5,231
Businesses
1,418
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
Single Family
Built in 1993
0.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27406, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,198 (100%) |
| Owner Occupied HU | 13,688 (50.3%) |
| Renter Occupied HU | 11,567 (42.5%) |
| Vacant Housing Units | 1,943 ( 7.1%) |
| Median Home Value | $239,903 |
| Average Home Value | $277,258 |
Housing Distribution
Address Breakdown
Residential
26,018
Single Family
20,787
Multi-Family
5,231
Businesses
1,418
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paula Villalva • Clifton Property Investment LLC
Mls Name: Triad MLS
Mls ID: #1209023