301 Glen Echo Ln APT ECaryNC27518
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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 301 Glen Echo Ln APT E, Cary, NC, 27518 uses $106,080 cash to close to unlock $1,680/yr annual cash flow and $140/mo monthly cash flow. Total monthly income runs $2,090/mo, and a $1,566/mo payment keeps the spread at $140/mo. Purchase price stands at $320,000, and rental yield measures 7.84% with $2,090/mo rent. Return on cash invested shows 21.49% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 111.19% and total cumulative return in cash records $117,951. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,090/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27518, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,459 (100%) |
| Owner Occupied HU | 5,726 (60.5%) |
| Renter Occupied HU | 3,375 (35.7%) |
| Vacant Housing Units | 358 ( 3.8%) |
| Median Home Value | $630,645 |
| Average Home Value | $688,082 |
Housing Distribution
Address Breakdown
Residential
9,501
Single Family
6,118
Multi-Family
3,383
Businesses
934
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Listed by: Brelyn Guyer • Pinecrest Residential
Mls Name: Doorify MLS
Mls ID: #10122286