910 Merritt DrGreensboroNC27407
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
Investment property for sale in Greensboro at 910 Merritt Dr, Greensboro, NC, 27407 offers a 1.57% rental yield on a $1,390,000 purchase with $1,819/mo rent. 65% in year one. Equity gained on principal adds $8,969/yr while 5% annual appreciation supports $384,031 over five years. Portfolio math shows five-year ROI at 10.04% and total cumulative return in cash at $45,204. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,819/mo property income against a $6,803/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1904
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27407, Greensboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,750 (100%) |
| Owner Occupied HU | 9,856 (43.3%) |
| Renter Occupied HU | 11,357 (49.9%) |
| Vacant Housing Units | 1,537 ( 6.8%) |
| Median Home Value | $249,466 |
| Average Home Value | $311,212 |
Housing Distribution
Address Breakdown
Residential
22,221
Single Family
14,870
Multi-Family
7,351
Businesses
1,927
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Crystal O'Connor • Gate City Real Estate
Mls Name: Triad MLS
Mls ID: #1200387