102 Lake Meadow DrApexNC27502
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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 Apex at 102 Lake Meadow Dr, Apex, NC, 27502 at $575,000 posts ROI 15.33% with from $2,759/mo rent. Total monthly income equals $2,759/mo. Return on cash invested measures 15.33% and rental yield reads 5.76% at the current $575,000. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 by year five. Five-year ROI prints 78.15% and total cumulative return in cash totals $147,839. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,759/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1996
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27502, Apex, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,077 (100%) |
| Owner Occupied HU | 14,333 (75.1%) |
| Renter Occupied HU | 3,940 (20.7%) |
| Vacant Housing Units | 804 ( 4.2%) |
| Median Home Value | $588,560 |
| Average Home Value | $614,278 |
Housing Distribution
Address Breakdown
Residential
18,556
Single Family
17,585
Multi-Family
971
Businesses
1,422
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Listed by: Mike Montpetit • Town & Country Realty, Inc.
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10102249
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.