106 Choptank Ct UNIT B2CaryNC27513
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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 106 Choptank Ct UNIT B2, Cary, NC, 27513 generates $1,703/mo in rent and, after a $1,052/mo payment, leaves $393/mo in cash flow. Total monthly income is $1,703/mo, and annual cash flow is $4,716/yr on $71,273 invested. Return on cash invested sits at 26.53% in year one, and rental yield is 9.51% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 138.18% and total cumulative return in cash sums $98,485. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,703/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27513, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,955 (100%) |
| Owner Occupied HU | 11,452 (54.7%) |
| Renter Occupied HU | 8,444 (40.3%) |
| Vacant Housing Units | 1,059 ( 5.1%) |
| Median Home Value | $554,009 |
| Average Home Value | $605,738 |
Housing Distribution
Address Breakdown
Residential
19,962
Single Family
14,827
Multi-Family
5,135
Businesses
1,343
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Listed by: Emily Jo Roberts • Nest Realty of the Triangle
Mls Name: Doorify MLS
Mls ID: #10101189