311 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
Rental property for sale in Apex at 311 Culvert St, Apex, NC, 27502 generates $4,260/mo in rent, after a $6,118/mo payment. Total monthly income is $4,260/mo. Return on cash invested sits at 10.42% in year one, and rental yield is 4.09% on a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation builds toward $345,352 over five years. Five-year ROI reaches 51.72% and total cumulative return in cash sums $209,485. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,260/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
10,018 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: Veronica Solomon • Chanticleer Properties LLC
Mls Name: Doorify MLS
Mls ID: #10124978