1420 Cane Creek DrGarnerNC27529
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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 1420 Cane Creek Dr, Garner, NC, 27529 offers a 8.02% rental yield on a $380,000 purchase with $2,540/mo rent. Total monthly income registers $2,540/mo, and a $1,860/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,049/yr on $125,970 to close, and return on cash invested stands at 21.54% in year one. Equity gained on principal adds $2,452/yr while 5% annual appreciation supports $104,987 over five years. Portfolio math shows five-year ROI at 111.63% and total cumulative return in cash at $140,617. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,540/mo property income against a $1,860/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
10,454 sqft lot
$N/A/sqft
$59 quarterly 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: Stephen Hooper • Keller Williams Realty Cary
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10109027
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.