148 Carmichael CtCaryNC27511
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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 Cary at 148 Carmichael Ct, Cary, NC, 27511 priced at $244,900 converts $1,360/mo rent into after a $1,199/mo obligation. Total monthly income equals $1,360/mo. Return on cash invested prints 14.77% in year one, and rental yield reads 6.66% against a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation compiles into $67,661 by year five. Five-year ROI reaches 76.37% and total cumulative return in cash sums $61,997. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,360/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$215 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27511, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,057 (100%) |
| Owner Occupied HU | 9,053 (60.1%) |
| Renter Occupied HU | 5,179 (34.4%) |
| Vacant Housing Units | 825 ( 5.5%) |
| Median Home Value | $492,256 |
| Average Home Value | $560,203 |
Housing Distribution
Address Breakdown
Residential
14,555
Single Family
11,761
Multi-Family
2,794
Businesses
1,378
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Listed by: Lisa Holmes • HRW Realty Corp.
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10112318
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.