205 Caniff LnCaryNC27519
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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 205 Caniff Ln, Cary, NC, 27519 priced at $595,000 converts $3,702/mo rent into $76/mo cash flow after a $2,912/mo obligation. Total monthly income equals $3,702/mo, and annual cash flow totals $912/yr on $195,755 invested. Return on cash invested prints 20.53% in year one, and rental yield reads 7.47% against a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation compiles into $164,388 by year five. Five-year ROI reaches 105.98% and total cumulative return in cash sums $207,470. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,702/mo property income covering a $2,912/mo payment, not borrower’s personal income.
Single Family
Built in 1995
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27519, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,394 (100%) |
| Owner Occupied HU | 17,672 (64.5%) |
| Renter Occupied HU | 8,097 (29.6%) |
| Vacant Housing Units | 1,625 ( 5.9%) |
| Median Home Value | $678,001 |
| Average Home Value | $748,230 |
Housing Distribution
Address Breakdown
Residential
26,524
Single Family
21,851
Multi-Family
4,673
Businesses
814
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Listed by: Nadia Bareisha • Choice Residential Real Estate
Mls Name: Doorify MLS
Mls ID: #10118859