311 Lord Byron CtCaryNC27511
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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 311 Lord Byron Ct, Cary, NC, 27511 listed at $342,500 pairs $2,700/mo rent with a $1,676/mo payment to leave $213/mo cash flow. Total monthly income runs $2,700/mo, and annual cash flow reaches $2,556/yr on $113,539 cash to close. Return on cash invested measures 22.16% in year one, and rental yield registers 9.46% at a $342,500 basis. Equity gained on principal adds $2,210/yr, and annual property appreciation at 5% supports $94,626 by year five. Five-year ROI tracks 116.31% and total cumulative return in cash totals $132,059. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,700/mo property income relative to a $1,676/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1997
N/A lot
$N/A/sqft
$400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27511, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,057 (100%) |
| Owner Occupied HU | 9,053 (60.1%) |
| Renter Occupied HU | 5,179 (34.4%) |
| Vacant Housing Units | 825 ( 5.5%) |
| Median Home Value | $492,256 |
| Average Home Value | $560,203 |
Housing Distribution
Address Breakdown
Residential
14,555
Single Family
11,761
Multi-Family
2,794
Businesses
1,378
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Listed by: Nancy Fredette • RE/MAX United
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10114336
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.