1501 Heritage Reserve CtWake 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
Total monthly income runs $4,739/mo, and a $4,650/mo payment. Purchase price stands at $950,000, and rental yield measures 5.99% with $4,739/mo rent. Return on cash invested shows 15.93% in year one, and 5% annual appreciation builds toward $262,467 over five years. Five-year ROI reaches 81.41% and total cumulative return in cash records $254,438. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,739/mo property income covering a $4,650/mo payment rather than investor’s personal income.
Single Family
Built in 2007
0.37 Acres lot
$N/A/sqft
$285 annually 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: Kristina Alyse Mutio • Raleigh Realty Inc.
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10108280
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.