121 Bay DrCaryNC27511
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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 Cary at 121 Bay Dr, Cary, NC, 27511 uses $111,053 cash to close to unlock $1,404/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $2,458/mo, and a $1,640/mo payment keeps the spread at $117/mo. Purchase price stands at $335,000, and rental yield measures 8.8% with $2,458/mo rent. Return on cash invested shows 21.17% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 110.66% and total cumulative return in cash records $122,888. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,458/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Townhouse
Built in 1981
2,178 sqft lot
$N/A/sqft
$299 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
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Listed by: Claudia Stadtlander • Keller Williams Realty Cary
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10120413
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.