389 Freestall DrWake 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 389 Freestall Dr, Wake Forest, NC, 27587 offers $2,166/mo rent that, after a $1,432/mo payment, leaves $208/mo cash flow. Total monthly income is $2,166/mo, and annual cash flow is $2,496/yr on $96,960 cash. Return on cash invested measures 22.48% in year one, and rental yield stands at 8.89% at a $292,490 entry. Equity gained on principal adds $1,887/yr while 5% annual appreciation compounds into $80,810 by year five. Five-year ROI records 117.36% and total cumulative return in cash reaches $113,790. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,166/mo property income versus a $1,432/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
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 |
Housing Distribution
Address Breakdown
Residential
32,873
Single Family
30,365
Multi-Family
2,508
Businesses
1,451
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Listed by: Sam DeStefano • DR Horton-Terramor Homes, LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10126060
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.