1382 Rowboat RdApexNC27502
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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 Apex at 1382 Rowboat Rd, Apex, NC, 27502 listed at $692,860 pairs $3,394/mo rent with a $3,391/mo payment. Total monthly income runs $3,394/mo. Return on cash invested measures 15.7% in year one, and rental yield registers 5.88% at a $692,860 basis. Equity gained on principal adds $4,471/yr, and annual property appreciation at 5% supports $191,424 by year five. Five-year ROI tracks 80.11% and total cumulative return in cash totals $182,622. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,394/mo property income relative to a $3,391/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27502, Apex, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,077 (100%) |
| Owner Occupied HU | 14,333 (75.1%) |
| Renter Occupied HU | 3,940 (20.7%) |
| Vacant Housing Units | 804 ( 4.2%) |
| Median Home Value | $588,560 |
| Average Home Value | $614,278 |
Housing Distribution
Address Breakdown
Residential
18,556
Single Family
17,585
Multi-Family
971
Businesses
1,422
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Listed by: Alex Lilly • Pulte Home Company LLC
Mls Name: Doorify MLS
Mls ID: #10116903