213 Forestville RdWake 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 213 Forestville Rd, Wake Forest, NC, 27587 uses $109,395 cash to close to unlock $972/yr annual cash flow and $81/mo monthly cash flow. Total monthly income runs $2,092/mo, and a $1,615/mo payment keeps the spread at $81/mo. Purchase price stands at $330,000, and rental yield measures 7.61% with $2,092/mo rent. Return on cash invested shows 20.8% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 107.47% and total cumulative return in cash records $117,563. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,092/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 2015
0.38 Acres 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: Mandi Pitoscia • Relevate Real Estate Inc.
Mls Name: Doorify MLS
Mls ID: #10137025