305 Justice Heights 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
Rental property for sale in Apex at 305 Justice Heights St, Apex, NC, 27502 priced at $350,000 converts $2,330/mo rent into $197/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,330/mo, and annual cash flow totals $2,364/yr on $116,025 invested. Return on cash invested prints 21.95% in year one, and rental yield reads 7.99% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 113.64% and total cumulative return in cash sums $131,846. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,330/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2006
8,276 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: Stephanie Carrillo • eXp Realty, LLC - C
Mls Name: Doorify MLS
Mls ID: #10108953