1248 Coral Cay BndWake ForestNC27587
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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 Wake Forest at 1248 Coral Cay Bnd, Wake Forest, NC, 27587 earns $11/mo cash flow from $3,300/mo rent with a $2,581/mo payment. Total monthly income totals $3,300/mo, and annual cash flow totals $134/yr on $173,503 capital. ROI tracks 20.14% on current figures, and rental yield reads 7.51% at a $527,365 purchase. Equity gained on principal adds $3,403/yr, and 5% annual appreciation supports $145,701 over five years. Five-year ROI reaches 104.12% and total cumulative return in cash sums $180,643. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,300/mo property income instead of your personal income.
Single Family
Built in 2025
8,712 sqft lot
$N/A/sqft
$75 monthly 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
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Listed by: John Christy • Lennar Carolinas LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10105905
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.