111 Cimmaron CtCaryNC27511
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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 Cary at 111 Cimmaron Ct, Cary, NC, 27511 offers a 7.75% rental yield on a $279,000 purchase with $1,802/mo rent. Total monthly income registers $1,802/mo, and a $1,366/mo payment leaves $101/mo available for distribution. Annual cash flow reaches $1,214/yr on $92,489 to close, and return on cash invested stands at 21.22% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,083 over five years. Portfolio math shows five-year ROI at 109.8% and total cumulative return in cash at $101,551. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,802/mo property income against a $1,366/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27511, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,057 (100%) |
| Owner Occupied HU | 9,053 (60.1%) |
| Renter Occupied HU | 5,179 (34.4%) |
| Vacant Housing Units | 825 ( 5.5%) |
| Median Home Value | $492,256 |
| Average Home Value | $560,203 |
Housing Distribution
Address Breakdown
Residential
14,555
Single Family
11,761
Multi-Family
2,794
Businesses
1,378
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Listed by: Bradlee Wilson Davis • Choice Residential Real Estate
Mls Name: Doorify MLS
Mls ID: #10114659