113 Towne View TrlGarnerNC27529
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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 Garner at 113 Towne View Trl, Garner, NC, 27529 uses $75,914 cash to close to unlock $4,550/yr annual cash flow and $379/mo monthly cash flow. Total monthly income runs $1,775/mo, and a $1,121/mo payment keeps the spread at $379/mo. Purchase price stands at $229,000, and rental yield measures 9.3% with $1,775/mo rent. Return on cash invested shows 25.9% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 134.91% and total cumulative return in cash records $102,413. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,775/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Townhouse
Built in 1984
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27529, Garner, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,489 (100%) |
| Owner Occupied HU | 17,091 (67.1%) |
| Renter Occupied HU | 7,180 (28.2%) |
| Vacant Housing Units | 1,218 ( 4.8%) |
| Median Home Value | $398,878 |
| Average Home Value | $447,896 |
Housing Distribution
Address Breakdown
Residential
24,113
Single Family
21,389
Multi-Family
2,724
Businesses
2,205
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Listed by: Jill Booth • Be Home Realty
Mls Name: Doorify MLS
Mls ID: #10138757