Alexandria TH Plan, Covington Ridge TownhomesThomasvilleNC27360
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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 Alexandria TH Plan, Covington Ridge Townhomes, Thomasville, NC, 27360 uses $95,306 cash to close to unlock $576/yr annual cash flow and $48/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $1,407/mo payment keeps the spread at $48/mo. Purchase price stands at $287,500, and rental yield measures 7.51% with $1,800/mo rent. Return on cash invested shows 20.51% in year one, and 5% annual appreciation builds toward $79,431 over five years. Five-year ROI reaches 105.95% and total cumulative return in cash records $100,979. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,407/mo payment rather than investor’s personal income.
Townhouse
Built in 2025
N/A 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: N/A • True Homes
Mls Name: True Homes
Mls Provider:
Mls ID: #N/A