389 Mill Bend DrFuquay VarinaNC27526
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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 Fuquay Varina at 389 Mill Bend Dr, Fuquay Varina, NC, 27526 priced at $450,000 converts $2,614/mo rent into after a $2,203/mo obligation. Total monthly income equals $2,614/mo. Return on cash invested prints 18.87% in year one, and rental yield reads 6.97% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 97.14% and total cumulative return in cash sums $144,906. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,614/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27526, Fuquay Varina, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,398 (100%) |
| Owner Occupied HU | 22,007 (74.9%) |
| Renter Occupied HU | 5,725 (19.5%) |
| Vacant Housing Units | 1,666 ( 5.7%) |
| Median Home Value | $454,486 |
| Average Home Value | $535,857 |
Housing Distribution
Address Breakdown
Residential
27,375
Single Family
27,088
Multi-Family
287
Businesses
1,165
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Listed by: Andrew Britt • NorthGroup Real Estate, Inc.
Mls Name: Doorify MLS
Mls ID: #10129942