401 Felspar WayCaryNC27518
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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 Cary at 401 Felspar Way, Cary, NC, 27518 generates $5,174/mo in rent, after a $5,922/mo payment. Total monthly income is $5,174/mo. Return on cash invested sits at 13.47% in year one, and rental yield is 5.13% on a $1,210,000 entry. Equity gained on principal adds $7,808/yr, while 5% annual appreciation builds toward $334,301 over five years. Five-year ROI reaches 68.15% and total cumulative return in cash sums $267,163. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,174/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.44 Acres lot
$N/A/sqft
$650 annually 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: Kathy Powers Uhorchak • Allen Tate/Cary
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10118266
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.