744 Monroeton RdReidsvilleNC27320
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
Investment Highlights
Rental property for sale in Reidsville at 744 Monroeton Rd, Reidsville, NC, 27320 generates $3,643/mo in rent, after a $3,764/mo payment. Total monthly income is $3,643/mo. Return on cash invested sits at 15.11% in year one, and rental yield is 5.68% on a $769,000 entry. Equity gained on principal adds $4,962/yr, while 5% annual appreciation builds toward $212,461 over five years. Five-year ROI reaches 76.95% and total cumulative return in cash sums $194,695. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,643/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
94.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27320, Reidsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,514 (100%) |
| Owner Occupied HU | 11,438 (61.8%) |
| Renter Occupied HU | 5,253 (28.4%) |
| Vacant Housing Units | 1,823 ( 9.8%) |
| Median Home Value | $212,764 |
| Average Home Value | $265,031 |
Housing Distribution
Address Breakdown
Residential
17,206
Single Family
15,903
Multi-Family
1,303
Businesses
912
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Crawford • Iron Horse Properties
Mls Name: My State MLS
Mls ID: #11602467