3413 Wellington Ridge LoopCaryNC27518
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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 3413 Wellington Ridge Loop, Cary, NC, 27518 earns $474/mo cash flow from $1,998/mo rent with a $1,224/mo payment. Total monthly income totals $1,998/mo, and annual cash flow totals $5,688/yr on $82,875 capital. ROI tracks 26.77% on current figures, and rental yield reads 9.59% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 139.51% and total cumulative return in cash sums $115,618. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,998/mo property income instead of your personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
No 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
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Listed by: Gary Yellin • Salem Street Realty
Mls Name: Doorify MLS
Mls ID: #10142945