225 Old Grove LnApexNC27502
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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 Apex at 225 Old Grove Ln, Apex, NC, 27502 at $338,000 posts ROI 20.48% with $53/mo cash flow from $2,113/mo rent. Total monthly income equals $2,113/mo, and annual cash flow records $641/yr on $112,047 to close. Return on cash invested measures 20.48% and rental yield reads 7.5% at the current $338,000. Equity gained on principal adds $2,181/yr, and 5% annual appreciation supports $93,383 by year five. Five-year ROI prints 105.8% and total cumulative return in cash totals $118,550.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,113/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2006
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27502, Apex, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,077 (100%) |
| Owner Occupied HU | 14,333 (75.1%) |
| Renter Occupied HU | 3,940 (20.7%) |
| Vacant Housing Units | 804 ( 4.2%) |
| Median Home Value | $588,560 |
| Average Home Value | $614,278 |
Housing Distribution
Address Breakdown
Residential
18,556
Single Family
17,585
Multi-Family
971
Businesses
1,422
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Listed by: Mary Kromenhoek • Coldwell Banker HPW
Mls Name: Doorify MLS
Mls ID: #10122290