1222 Waterford Lake DrCaryNC27519
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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 1222 Waterford Lake Dr, Cary, NC, 27519 offers $2,477/mo rent that, after a $2,447/mo payment. Total monthly income is $2,477/mo. Return on cash invested measures 13.07% in year one, and rental yield stands at 5.95% at a $499,900 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,113 by year five. Five-year ROI records 67.03% and total cumulative return in cash reaches $111,072. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,477/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2009
N/A lot
$N/A/sqft
$375 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27519, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,394 (100%) |
| Owner Occupied HU | 17,672 (64.5%) |
| Renter Occupied HU | 8,097 (29.6%) |
| Vacant Housing Units | 1,625 ( 5.9%) |
| Median Home Value | $678,001 |
| Average Home Value | $748,230 |
Housing Distribution
Address Breakdown
Residential
26,524
Single Family
21,851
Multi-Family
4,673
Businesses
814
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Listed by: MEGAN JOHNSON • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #742785
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.