1118 Salinas Valley DrWake ForestNC27587
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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 Wake Forest at 1118 Salinas Valley Dr, Wake Forest, NC, 27587 earns from $2,870/mo rent with a $3,353/mo payment. Total monthly income totals $2,870/mo. ROI tracks 13.11% on current figures, and rental yield reads 5.03% at a $685,000 purchase. Equity gained on principal adds $4,420/yr, and 5% annual appreciation supports $189,253 over five years. Five-year ROI reaches 66.22% and total cumulative return in cash sums $149,230. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,870/mo property income instead of your personal income.
Single Family
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27587, Wake Forest, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,796 (100%) |
| Owner Occupied HU | 26,327 (73.5%) |
| Renter Occupied HU | 7,313 (20.4%) |
| Vacant Housing Units | 2,156 ( 6.0%) |
| Median Home Value | $536,728 |
| Average Home Value | $601,447 |
Housing Distribution
Address Breakdown
Residential
32,873
Single Family
30,365
Multi-Family
2,508
Businesses
1,451
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Listed by: Sandy Brown • Long & Foster Real Estate INC/Raleigh
Mls Name: Doorify MLS
Mls ID: #10111685