205 Carmichael CtCaryNC27511
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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 Cary at 205 Carmichael Ct, Cary, NC, 27511 earns $163/mo cash flow from $1,595/mo rent with a $1,150/mo payment. Total monthly income totals $1,595/mo, and annual cash flow totals $1,956/yr on $77,902 capital. ROI tracks 22.42% on current figures, and rental yield reads 8.14% at a $234,999 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 116.17% and total cumulative return in cash sums $90,496. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,595/mo property income instead of your personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27511, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,057 (100%) |
| Owner Occupied HU | 9,053 (60.1%) |
| Renter Occupied HU | 5,179 (34.4%) |
| Vacant Housing Units | 825 ( 5.5%) |
| Median Home Value | $492,256 |
| Average Home Value | $560,203 |
Housing Distribution
Address Breakdown
Residential
14,555
Single Family
11,761
Multi-Family
2,794
Businesses
1,378
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Listed by: Rick Brotherton • Northside Realty Inc.
Mls Name: Doorify MLS
Mls ID: #10122396