111 Strass 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 Strass Ct, Cary, NC, 27511 uses $92,787 cash to close to unlock $1,993/yr annual cash flow and $166/mo monthly cash flow. Total monthly income runs $1,872/mo, and a $1,370/mo payment keeps the spread at $166/mo. Purchase price stands at $279,900, and rental yield measures 8.03% with $1,872/mo rent. Return on cash invested shows 22.06% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 114.29% and total cumulative return in cash records $106,045. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,872/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Townhouse
Built in 1986
1,306 sqft 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: Ellie Mayes • Up Market Realty
Mls Name: Doorify MLS
Mls ID: #10140302