1320 E Academy StFuquay VarinaNC27526
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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 Fuquay Varina at 1320 E Academy St, Fuquay Varina, NC, 27526 uses $106,047 cash to close to unlock $4,021/yr annual cash flow and $335/mo monthly cash flow. Total monthly income runs $2,285/mo, and a $1,566/mo payment keeps the spread at $335/mo. Purchase price stands at $319,900, and rental yield measures 8.57% with $2,285/mo rent. Return on cash invested shows 23.7% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 123.09% and total cumulative return in cash records $130,532. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,285/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 2003
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27526, Fuquay Varina, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,398 (100%) |
| Owner Occupied HU | 22,007 (74.9%) |
| Renter Occupied HU | 5,725 (19.5%) |
| Vacant Housing Units | 1,666 ( 5.7%) |
| Median Home Value | $454,486 |
| Average Home Value | $535,857 |
Housing Distribution
Address Breakdown
Residential
27,375
Single Family
27,088
Multi-Family
287
Businesses
1,165
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Listed by: Carolyn Jane Luck • House of Luck Realty LLC
Mls Name: Doorify MLS
Mls ID: #10117716