128 Chris CtGarnerNC27529
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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 Garner at 128 Chris Ct, Garner, NC, 27529 priced at $310,000 converts $2,526/mo rent into $637/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,526/mo, and annual cash flow totals $7,644/yr on $102,765 invested. Return on cash invested prints 27.35% in year one, and rental yield reads 9.78% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 142.6% and total cumulative return in cash sums $146,539. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,526/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27529, Garner, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,489 (100%) |
| Owner Occupied HU | 17,091 (67.1%) |
| Renter Occupied HU | 7,180 (28.2%) |
| Vacant Housing Units | 1,218 ( 4.8%) |
| Median Home Value | $398,878 |
| Average Home Value | $447,896 |
Housing Distribution
Address Breakdown
Residential
24,113
Single Family
21,389
Multi-Family
2,724
Businesses
2,205
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Listed by: Dorothy D Greco • HomeTowne Realty
Mls Name: Doorify MLS
Mls ID: #10108625