103 Lochberry LnCaryNC27518
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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 103 Lochberry Ln, Cary, NC, 27518 priced at $711,000 converts $3,600/mo rent into after a $3,480/mo obligation. Total monthly income equals $3,600/mo. Return on cash invested prints 16.3% in year one, and rental yield reads 6.08% against a $711,000 entry. Equity gained on principal adds $4,588/yr, while 5% annual appreciation compiles into $196,436 by year five. Five-year ROI reaches 83.32% and total cumulative return in cash sums $194,893. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,600/mo property income covering a $3,480/mo payment, not borrower’s personal income.
Single Family
Built in 1987
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27518, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,459 (100%) |
| Owner Occupied HU | 5,726 (60.5%) |
| Renter Occupied HU | 3,375 (35.7%) |
| Vacant Housing Units | 358 ( 3.8%) |
| Median Home Value | $630,645 |
| Average Home Value | $688,082 |
Housing Distribution
Address Breakdown
Residential
9,501
Single Family
6,118
Multi-Family
3,383
Businesses
934
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Listed by: Thomas Ladane Shoupe • Opendoor Brokerage LLC
Mls Name: Doorify MLS
Mls ID: #10135753