406 Avery StGarnerNC27529
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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 Garner at 406 Avery St, Garner, NC, 27529 offers $2,183/mo rent that, after a $1,419/mo payment, leaves $416/mo cash flow. Total monthly income is $2,183/mo, and annual cash flow is $4,992/yr on $96,135 cash. Return on cash invested measures 25.1% in year one, and rental yield stands at 9.03% at a $290,000 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,122 by year five. Five-year ROI records 130.53% and total cumulative return in cash reaches $125,488. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,183/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27529, Garner, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,489 (100%) |
| Owner Occupied HU | 17,091 (67.1%) |
| Renter Occupied HU | 7,180 (28.2%) |
| Vacant Housing Units | 1,218 ( 4.8%) |
| Median Home Value | $398,878 |
| Average Home Value | $447,896 |
Housing Distribution
Address Breakdown
Residential
24,113
Single Family
21,389
Multi-Family
2,724
Businesses
2,205
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Listed by: Robert Kinch • Fathom Realty NC
Mls Name: Doorify MLS
Mls ID: #10139290