319 Spaight Acres WayWake 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 319 Spaight Acres Way, Wake Forest, NC, 27587 priced at $344,500 converts $2,113/mo rent into $14/mo cash flow after a $1,686/mo obligation. Total monthly income equals $2,113/mo, and annual cash flow totals $163/yr on $114,202 invested. Return on cash invested prints 20.05% in year one, and rental yield reads 7.36% against a $344,500 entry. Equity gained on principal adds $2,223/yr, while 5% annual appreciation compiles into $95,179 by year five. Five-year ROI reaches 103.49% and total cumulative return in cash sums $118,191. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,113/mo property income covering a $1,686/mo payment, not borrower’s personal income.
Townhouse
Built in 2023
1,742 sqft lot
$N/A/sqft
No 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: Shanlyn Trease Price • RE/MAX United
Mls Name: Doorify MLS
Mls ID: #10112764