114 Canterfield RdCaryNC27513
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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
Rental property for sale in Cary at 114 Canterfield Rd, Cary, NC, 27513 priced at $480,000 converts $3,071/mo rent into $146/mo cash flow after a $2,349/mo obligation. Total monthly income equals $3,071/mo, and annual cash flow totals $1,752/yr on $159,120 invested. Return on cash invested prints 21.01% in year one, and rental yield reads 7.68% against a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,615 by year five. Five-year ROI reaches 108.61% and total cumulative return in cash sums $172,817. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,071/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Single Family
Built in 1996
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27513, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,955 (100%) |
| Owner Occupied HU | 11,452 (54.7%) |
| Renter Occupied HU | 8,444 (40.3%) |
| Vacant Housing Units | 1,059 ( 5.1%) |
| Median Home Value | $554,009 |
| Average Home Value | $605,738 |
Housing Distribution
Address Breakdown
Residential
19,962
Single Family
14,827
Multi-Family
5,135
Businesses
1,343
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Listed by: Meisha Spang • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls ID: #10050528