1213 Coral Cay BndWake ForestNC27587
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
Rental property for sale in Wake Forest at 1213 Coral Cay Bnd, Wake Forest, NC, 27587 priced at $495,190 pairs $3,300/mo rent with $282/mo cash flow after a $2,424/mo payment. Total monthly income equals $3,300/mo, and annual cash flow comes to $3,381/yr on $164,155 invested. Return on cash invested is 21.97% in year one, and rental yield stands at 8% on a $495,190 basis. Equity gained on principal adds $3,195/yr, and 5% annual appreciation accumulates to $136,812 by year five. Five-year ROI measures 113.76% and total cumulative return in cash reaches $186,742. For financing, Ziffy Mortgage’s DSCR program evaluates $3,300/mo property income against a $2,424/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27587, Wake Forest, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,796 (100%) |
| Owner Occupied HU | 26,327 (73.5%) |
| Renter Occupied HU | 7,313 (20.4%) |
| Vacant Housing Units | 2,156 ( 6.0%) |
| Median Home Value | $536,728 |
| Average Home Value | $601,447 |
Housing Distribution
Address Breakdown
Residential
32,873
Single Family
30,365
Multi-Family
2,508
Businesses
1,451
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A