1118 Askham DrCaryNC27511
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Nearby investment properties with comparable prices
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 1118 Askham Dr, Cary, NC, 27511 listed at $539,000 pairs $3,410/mo rent with a $2,638/mo payment to leave $125/mo cash flow. Total monthly income runs $3,410/mo, and annual cash flow reaches $1,502/yr on $177,331 cash to close. Return on cash invested measures 20.91% in year one, and rental yield registers 7.59% at a $539,000 basis. Equity gained on principal adds $3,478/yr, and annual property appreciation at 5% supports $148,916 by year five. Five-year ROI tracks 108.06% and total cumulative return in cash totals $191,616. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,410/mo property income relative to a $2,638/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.38 Acres 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: Justin Beers • Elite Real Estate
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10110257
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.