1037 Olive DrGarnerNC27529
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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 Garner at 1037 Olive Dr, Garner, NC, 27529 uses $159,750 cash to close to unlock $1,845/yr annual cash flow and $154/mo monthly cash flow. Total monthly income runs $3,091/mo, and a $2,359/mo payment keeps the spread at $154/mo. Purchase price stands at $481,900, and rental yield measures 7.7% with $3,091/mo rent. Return on cash invested shows 21.06% in year one, and 5% annual appreciation builds toward $133,140 over five years. Five-year ROI reaches 108.91% and total cumulative return in cash records $173,977. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,091/mo property income covering a $2,359/mo payment rather than investor’s personal income.
Single Family
Built in 1992
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27529, Garner, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,489 (100%) |
| Owner Occupied HU | 17,091 (67.1%) |
| Renter Occupied HU | 7,180 (28.2%) |
| Vacant Housing Units | 1,218 ( 4.8%) |
| Median Home Value | $398,878 |
| Average Home Value | $447,896 |
Housing Distribution
Address Breakdown
Residential
24,113
Single Family
21,389
Multi-Family
2,724
Businesses
2,205
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Listed by: Creig Richardson • HomeSmart Expert Realty
Mls Name: Doorify MLS
Mls ID: #10120412