3146 Virginia Pine CtWake ForestNC27587
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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 Wake Forest at 3146 Virginia Pine Ct, Wake Forest, NC, 27587 generates $1,548/mo in rent and, after a $940/mo payment, leaves $357/mo in cash flow. Total monthly income is $1,548/mo, and annual cash flow is $4,281/yr on $63,648 invested. Return on cash invested sits at 26.64% in year one, and rental yield is 9.68% on a $192,000 entry. Equity gained on principal adds $1,239/yr, while 5% annual appreciation builds toward $53,046 over five years. Five-year ROI reaches 138.92% and total cumulative return in cash sums $88,420. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,548/mo property income rather than buyer’s personal income.
Manufactured
Built in 1995
1.28 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27587, Wake Forest, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,796 (100%) |
| Owner Occupied HU | 26,327 (73.5%) |
| Renter Occupied HU | 7,313 (20.4%) |
| Vacant Housing Units | 2,156 ( 6.0%) |
| Median Home Value | $536,728 |
| Average Home Value | $601,447 |
Housing Distribution
Address Breakdown
Residential
32,873
Single Family
30,365
Multi-Family
2,508
Businesses
1,451
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Listed by: Kimberly McKinney • RE/MAX Reliance
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10109545
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.