278 Hill StWake ForestNC27587
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 278 Hill St, Wake Forest, NC, 27587 at $250,000 posts ROI 24.18% with $295/mo cash flow from $1,819/mo rent. Total monthly income equals $1,819/mo, and annual cash flow records $3,540/yr on $82,875 to close. Return on cash invested measures 24.18% and rental yield reads 8.73% at the current $250,000. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 by year five. Five-year ROI prints 125.62% and total cumulative return in cash totals $104,110.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,819/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1905
7,840 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Fred Havasy • Keller Williams Realty
Mls Name: Doorify MLS
Mls ID: #10114642