304 Culvert StApexNC27502
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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 304 Culvert St, Apex, NC, 27502 earns from $2,042/mo rent with a $2,161/mo payment. Total monthly income totals $2,042/mo. ROI tracks 14.59% on current figures, and rental yield reads 5.55% at a $441,500 purchase. Equity gained on principal adds $2,849/yr, and 5% annual appreciation supports $121,978 over five years. Five-year ROI reaches 74.2% and total cumulative return in cash sums $108,601. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,042/mo property income instead of your personal income.
Single Family
Built in 1950
0.38 Acres 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: Ryan McKinstrie • Compass -- Raleigh
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10093966
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.