114 New Kent PlCaryNC27511
Nearby investment properties with comparable rents
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 114 New Kent Pl, Cary, NC, 27511 offers a 7.69% rental yield on a $284,900 purchase with $1,826/mo rent. 75% in year one. Equity gained on principal adds $1,838/yr while 5% annual appreciation supports $78,713 over five years. Portfolio math shows five-year ROI at 92.32% and total cumulative return in cash at $87,191. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,826/mo property income against a $1,394/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
$260 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ben Parker • Keller Williams Legacy
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10057031
Disclaimer: Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers personal, non-commercial use. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers personal, non-commercial use. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.