119 Luxon PlCaryNC27513
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 119 Luxon Pl, Cary, NC, 27513 with 5% annual appreciation on a $289,000 basis while $1,889/mo rent supports operations. 96% in year one. Equity gained on principal adds $1,865/yr, and five-year appreciation sums $79,845 alongside rental yield of 7.84%. Five-year ROI measures 93.58% and total cumulative return in cash totals $89,654. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,889/mo property income versus a $1,415/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1992
1,306 sqft lot
$N/A/sqft
$272 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christina Valkanoff • Christina Valkanoff Realty Group
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10113267
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.