317 Glen Echo Ln APT CCaryNC27518
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 317 Glen Echo Ln APT C, Cary, NC, 27518 in Cary offers a clean, manageable entry. Rental yield 6.43%. DSCR 1.19 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $104,959 in additional property value over five years, with $3,499/yr in principal equity building ownership stake. Total projected cumulative return: $108,573.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 6.4% | 6.2% |
| Monthly Cash Flow | $(569) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,035 |
| Total Monthly Debt Service | $2,453 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1995
N/A lot
$N/A/sqft
$289 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27518, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,459 (100%) |
| Owner Occupied HU | 5,726 (60.5%) |
| Renter Occupied HU | 3,375 (35.7%) |
| Vacant Housing Units | 358 ( 3.8%) |
| Median Home Value | $630,645 |
| Average Home Value | $688,082 |
Housing Distribution
Address Breakdown
Residential
9,501
Single Family
6,118
Multi-Family
3,383
Businesses
934
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1995
N/A lot
$N/A/sqft
$289 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27518, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,459 (100%) |
| Owner Occupied HU | 5,726 (60.5%) |
| Renter Occupied HU | 3,375 (35.7%) |
| Vacant Housing Units | 358 ( 3.8%) |
| Median Home Value | $630,645 |
| Average Home Value | $688,082 |
Housing Distribution
Address Breakdown
Residential
9,501
Single Family
6,118
Multi-Family
3,383
Businesses
934
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff Zdenek • Providence Realty Group LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10104897
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.