1511 Waterland DrApexNC27502
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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 Apex at 1511 Waterland Dr, Apex, NC, 27502 uses $129,252 cash to close to unlock $385/yr annual cash flow and $32/mo monthly cash flow. Total monthly income runs $2,408/mo, and a $1,908/mo payment keeps the spread at $32/mo. Purchase price stands at $389,900, and rental yield measures 7.41% with $2,408/mo rent. Return on cash invested shows 20.21% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 104.35% and total cumulative return in cash records $134,869. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,408/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Townhouse
Built in 2007
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27502, Apex, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,077 (100%) |
| Owner Occupied HU | 14,333 (75.1%) |
| Renter Occupied HU | 3,940 (20.7%) |
| Vacant Housing Units | 804 ( 4.2%) |
| Median Home Value | $588,560 |
| Average Home Value | $614,278 |
Housing Distribution
Address Breakdown
Residential
18,556
Single Family
17,585
Multi-Family
971
Businesses
1,422
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Listed by: Betsy Simmons • Simmons Realty Group
Mls Name: Doorify MLS
Mls ID: #10136858