1623 Main 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 1623 Main Dr, Wake Forest, NC, 27587 uses $150,501 cash to close to unlock $4,658/yr annual cash flow and $388/mo monthly cash flow. Total monthly income runs $3,155/mo, and a $2,222/mo payment keeps the spread at $388/mo. Purchase price stands at $454,000, and rental yield measures 8.34% with $3,155/mo rent. Return on cash invested shows 23% in year one, and 5% annual appreciation builds toward $125,432 over five years. Five-year ROI reaches 119.33% and total cumulative return in cash records $179,594. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,155/mo property income covering a $2,222/mo payment rather than investor’s personal income.
Single Family
Built in 2014
3,484 sqft 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: Derek Raposo • Long & Foster Real Estate INC/Wake Forest
Mls Name: Long & Foster Broker Feed
Mls ID: #10112770