118 Rhum PlGarnerNC27529
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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 118 Rhum Pl, Garner, NC, 27529 listed at $239,900 pairs $1,918/mo rent with a $1,174/mo payment to leave $420/mo cash flow. Total monthly income runs $1,918/mo, and annual cash flow reaches $5,034/yr on $79,527 cash to close. Return on cash invested measures 26.24% in year one, and rental yield registers 9.59% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 136.9% and total cumulative return in cash totals $108,871. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,918/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1983
3,049 sqft lot
$N/A/sqft
$439 annually 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: Stephanie Anson • Northside Realty Inc.
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10122787
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.