2297 Bay Minette StaApexNC27502
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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 Apex at 2297 Bay Minette Sta, Apex, NC, 27502 priced at $517,825 pairs $2,640/mo rent with after a $2,535/mo payment. Total monthly income equals $2,640/mo. Return on cash invested is 16.43% in year one, and rental yield stands at 6.12% on a $517,825 basis. Equity gained on principal adds $3,341/yr, and 5% annual appreciation accumulates to $143,066 by year five. Five-year ROI measures 84.02% and total cumulative return in cash reaches $143,148. For financing, Ziffy Mortgage’s DSCR program evaluates $2,640/mo property income against a $2,535/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2024
N/A 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: Athena Azan • M/I Homes
Mls Name: M/I Homes
Mls Provider:
Mls ID: #N/A