124 Covington Square DrCaryNC27513
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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 124 Covington Square Dr, Cary, NC, 27513 with 5% annual appreciation on a $749,900 basis while $3,569/mo rent supports operations. 19% in year one. Equity gained on principal adds $4,839/yr, and five-year appreciation sums $207,184 alongside rental yield of 5.71%. Five-year ROI measures 77.4% and total cumulative return in cash totals $190,966. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,569/mo property income versus a $3,670/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1993
8,712 sqft lot
$N/A/sqft
No 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
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Listed by: Todd Hancock • Hodge & Kittrell Sotheby's Int
Mls Name: Doorify MLS
Mls ID: #10120956