102 Licorice 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
Rental property for sale in Apex at 102 Licorice Dr, Apex, NC, 27502 offers $2,225/mo rent that, after a $1,659/mo payment, leaves $159/mo cash flow. Total monthly income is $2,225/mo, and annual cash flow is $1,910/yr on $112,379 cash. Return on cash invested measures 21.61% in year one, and rental yield stands at 7.88% at a $339,000 entry. Equity gained on principal adds $2,188/yr while 5% annual appreciation compounds into $93,659 by year five. Five-year ROI records 111.86% and total cumulative return in cash reaches $125,704. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,225/mo property income versus a $1,659/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2001
1,306 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: Terry McDonald • Flat Fee Realty LLC
Mls Name: Doorify MLS
Mls ID: #10135477