1418 Chatuga WayWake ForestNC27587
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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 Wake Forest at 1418 Chatuga Way, Wake Forest, NC, 27587 generates $2,215/mo in rent and, after a $1,319/mo payment, leaves $573/mo in cash flow. Total monthly income is $2,215/mo, and annual cash flow is $6,872/yr on $89,312 invested. Return on cash invested sits at 27.6% in year one, and rental yield is 9.87% on a $269,417 entry. Equity gained on principal adds $1,739/yr, while 5% annual appreciation builds toward $74,435 over five years. Five-year ROI reaches 144.01% and total cumulative return in cash sums $128,614. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,215/mo property income rather than buyer’s personal income.
Townhouse
Built in 2016
N/A lot
$N/A/sqft
No 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
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Listed by: Mike Joseph • Keller Williams Legacy
Mls Name: Doorify MLS
Mls ID: #10125887