202 Chattel CloseCaryNC27518
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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
Rental property for sale in Cary at 202 Chattel Close, Cary, NC, 27518 priced at $530,000 converts $2,885/mo rent into after a $2,594/mo obligation. Total monthly income equals $2,885/mo. Return on cash invested prints 17.69% in year one, and rental yield reads 6.53% against a $530,000 entry. Equity gained on principal adds $3,420/yr, while 5% annual appreciation compiles into $146,429 by year five. Five-year ROI reaches 90.76% and total cumulative return in cash sums $158,251. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,885/mo property income covering a $2,594/mo payment, not borrower’s personal income.
Single Family
Built in 1987
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27518, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,459 (100%) |
| Owner Occupied HU | 5,726 (60.5%) |
| Renter Occupied HU | 3,375 (35.7%) |
| Vacant Housing Units | 358 ( 3.8%) |
| Median Home Value | $630,645 |
| Average Home Value | $688,082 |
Housing Distribution
Address Breakdown
Residential
9,501
Single Family
6,118
Multi-Family
3,383
Businesses
934
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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