1500 Lakeside 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
Rental property for sale in Garner at 1500 Lakeside Dr, Garner, NC, 27529 generates $2,717/mo in rent and, after a $1,457/mo payment, leaves $838/mo in cash flow. Total monthly income is $2,717/mo, and annual cash flow is $10,059/yr on $98,688 invested. Return on cash invested sits at 30.1% in year one, and rental yield is 10.95% on a $297,700 entry. Equity gained on principal adds $1,921/yr, while 5% annual appreciation builds toward $82,249 over five years. Five-year ROI reaches 157.7% and total cumulative return in cash sums $155,626. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,717/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
0.38 Acres lot
$N/A/sqft
No 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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