905 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 905 N Elam Ave, Greensboro, NC, 27408 priced at $369,000 converts $1,993/mo rent into after a $1,806/mo obligation. Total monthly income equals $1,993/mo. Return on cash invested prints 17.4% in year one, and rental yield reads 6.48% against a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,948 by year five. Five-year ROI reaches 89.29% and total cumulative return in cash sums $109,227. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,993/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 1956
0.26 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: Ralph Harvey • LISTWITHFREEDOM.COM Inc
Mls Name: Triad MLS
Mls ID: #1204927