101 Kramer CtCaryNC27511
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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 Cary at 101 Kramer Ct, Cary, NC, 27511 priced at $450,000 converts $2,311/mo rent into after a $2,203/mo obligation. Total monthly income equals $2,311/mo. Return on cash invested prints 16.43% in year one, and rental yield reads 6.16% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 84.07% and total cumulative return in cash sums $125,418. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,311/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1994
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27511, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,057 (100%) |
| Owner Occupied HU | 9,053 (60.1%) |
| Renter Occupied HU | 5,179 (34.4%) |
| Vacant Housing Units | 825 ( 5.5%) |
| Median Home Value | $492,256 |
| Average Home Value | $560,203 |
Housing Distribution
Address Breakdown
Residential
14,555
Single Family
11,761
Multi-Family
2,794
Businesses
1,378
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Listed by: Kent Benson • Porchlight Real Estate
Mls Name: Doorify MLS
Mls ID: #10123119