1313 Legacy Greene AveWake ForestNC27587
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1313 Legacy Greene Ave, Wake Forest, NC, 27587 uses $88,842 cash to close to unlock $974/yr annual cash flow and $81/mo monthly cash flow. Total monthly income runs $1,928/mo, and a $1,312/mo payment keeps the spread at $81/mo. Purchase price stands at $268,000, and rental yield measures 8.63% with $1,928/mo rent. Return on cash invested shows 21.01% in year one, and 5% annual appreciation builds toward $74,043 over five years. Five-year ROI reaches 109.67% and total cumulative return in cash records $97,437. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,928/mo property income covering a $1,312/mo payment rather than investor’s personal income.
Townhouse
Built in 2004
871.20 sqft lot
$N/A/sqft
$192 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lizmary Caban • Real Broker, LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10097657
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.