115 Old Bridge LnCaryNC27518
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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 115 Old Bridge Ln, Cary, NC, 27518 priced at $665,500 pairs $3,070/mo rent with after a $3,257/mo payment. Total monthly income equals $3,070/mo. Return on cash invested is 14.57% in year one, and rental yield stands at 5.54% on a $665,500 basis. Equity gained on principal adds $4,294/yr, and 5% annual appreciation accumulates to $183,865 by year five. Five-year ROI measures 74.07% and total cumulative return in cash reaches $162,176. For financing, Ziffy Mortgage’s DSCR program evaluates $3,070/mo property income against a $3,257/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
9,147 sqft lot
$N/A/sqft
$202 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27518, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,459 (100%) |
| Owner Occupied HU | 5,726 (60.5%) |
| Renter Occupied HU | 3,375 (35.7%) |
| Vacant Housing Units | 358 ( 3.8%) |
| Median Home Value | $630,645 |
| Average Home Value | $688,082 |
Housing Distribution
Address Breakdown
Residential
9,501
Single Family
6,118
Multi-Family
3,383
Businesses
934
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Listed by: Heidi Harris • Real Broker, LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10110800
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.