319 Tillamook DrWake ForestNC27587
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
Investment Highlights
Investment property for sale in Wake Forest at 319 Tillamook Dr, Wake Forest, NC, 27587 at $315,000 posts ROI 22.9% with $260/mo cash flow from $2,180/mo rent. Total monthly income equals $2,180/mo, and annual cash flow records $3,120/yr on $104,423 to close. Return on cash invested measures 22.9% and rental yield reads 8.3% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 118.73% and total cumulative return in cash totals $123,977.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,180/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1997
8,276 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Pate • Pate Realty Group
Mls Name: Doorify MLS
Mls ID: #10130888