921 Lake Dr WThomasvilleNC27360
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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
Investment property for sale in Thomasville at 921 Lake Dr W, Thomasville, NC, 27360 listed at $350,000 pairs $2,770/mo rent with a $1,713/mo payment to leave $637/mo cash flow. Total monthly income runs $2,770/mo, and annual cash flow reaches $7,644/yr on $116,025 cash to close. Return on cash invested measures 26.5% in year one, and rental yield registers 9.5% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 138.03% and total cumulative return in cash totals $160,154. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,770/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27360, Thomasville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,717 (100%) |
| Owner Occupied HU | 13,122 (63.3%) |
| Renter Occupied HU | 6,131 (29.6%) |
| Vacant Housing Units | 1,464 ( 7.1%) |
| Median Home Value | $224,747 |
| Average Home Value | $265,283 |
Housing Distribution
Address Breakdown
Residential
20,241
Single Family
20,013
Multi-Family
228
Businesses
1,293
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Listed by: Barbara Papp • Howard Hanna Allen Tate Oak Ridge Commons
Mls Name: Triad MLS
Mls ID: #1203964