324 Waterford Lake DrCaryNC27519
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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 324 Waterford Lake Dr, Cary, NC, 27519 earns from $2,216/mo rent with a $1,909/mo payment. Total monthly income totals $2,216/mo. ROI tracks 18.27% on current figures, and rental yield reads 6.82% at a $390,000 purchase. Equity gained on principal adds $2,517/yr, and 5% annual appreciation supports $107,750 over five years. Five-year ROI reaches 94% and total cumulative return in cash sums $121,532. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,216/mo property income instead of your personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$189 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27519, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,394 (100%) |
| Owner Occupied HU | 17,672 (64.5%) |
| Renter Occupied HU | 8,097 (29.6%) |
| Vacant Housing Units | 1,625 ( 5.9%) |
| Median Home Value | $678,001 |
| Average Home Value | $748,230 |
Housing Distribution
Address Breakdown
Residential
26,524
Single Family
21,851
Multi-Family
4,673
Businesses
814
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Listed by: Kathleen Carlton • Keller Williams Legacy
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10099799
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.