388 Freestall Dr, Wake Forest, NC, 27587 | $375/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wake Forest at 388 Freestall Dr, Wake Forest, NC, 27587 uses $100,275 cash to close to unlock $4,500/yr annual cash flow and $375/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,481/mo payment keeps the spread at $375/mo. Purchase price stands at $302,490, and rental yield measures 9.5% with $2,394/mo rent. Return on cash invested shows 24.4% in year one, and 5% annual appreciation builds toward $83,572 over five years. Five-year ROI reaches 127.59% and total cumulative return in cash records $127,946. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,481/mo payment rather than investor’s personal income.

Townhouse

Built in 2026

1,742 sqft lot

$N/A/sqft

$175 monthly 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