1613 River Mill DrWake 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
Investment property for sale in Wake Forest at 1613 River Mill Dr, Wake Forest, NC, 27587 offers a 8.59% rental yield on a $325,000 purchase with $2,326/mo rent. Total monthly income registers $2,326/mo, and a $1,591/mo payment leaves $345/mo available for distribution. Annual cash flow reaches $4,140/yr on $107,738 to close, and return on cash invested stands at 23.75% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 123.31% and total cumulative return in cash at $132,853. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,326/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1997
N/A lot
$N/A/sqft
No 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: Laura Van Leer Richardson • Relevate Real Estate Inc.
Mls Name: Doorify MLS
Mls ID: #10138427