1302 Buffaloe RdGarnerNC27529
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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 Garner at 1302 Buffaloe Rd, Garner, NC, 27529 uses $105,749 cash to close to unlock $3,806/yr annual cash flow and $317/mo monthly cash flow. Total monthly income runs $2,261/mo, and a $1,561/mo payment keeps the spread at $317/mo. Purchase price stands at $319,000, and rental yield measures 8.51% with $2,261/mo rent. Return on cash invested shows 23.51% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 122.06% and total cumulative return in cash records $129,073. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,261/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.96 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: John Nguyen • LPT Realty, LLC
Mls Name: Doorify MLS
Mls ID: #10140651