1641 Silo Ridge DrWake ForestNC27587
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Nearby investment properties with comparable prices
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 Wake Forest at 1641 Silo Ridge Dr, Wake Forest, NC, 27587 offers $2,526/mo rent that, after a $2,482/mo payment. Total monthly income is $2,526/mo. Return on cash invested measures 15.06% in year one, and rental yield stands at 5.98% at a $507,000 entry. Equity gained on principal adds $3,272/yr while 5% annual appreciation compounds into $140,075 by year five. Five-year ROI records 77.05% and total cumulative return in cash reaches $128,529. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,526/mo property income versus a $2,482/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
8,276 sqft lot
$N/A/sqft
$325 quarterly 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: Jason Brooks • Coldwell Banker Advantage
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10095226
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.