407 Gooseneck Dr UNIT B1CaryNC27513
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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
Investment property for sale in Cary at 407 Gooseneck Dr UNIT B1, Cary, NC, 27513 earns from $1,227/mo rent with a $905/mo payment. Total monthly income totals $1,227/mo. ROI tracks 18.55% on current figures, and rental yield reads 7.96% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 96.65% and total cumulative return in cash sums $59,271. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,227/mo property income instead of your personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$159 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27513, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,955 (100%) |
| Owner Occupied HU | 11,452 (54.7%) |
| Renter Occupied HU | 8,444 (40.3%) |
| Vacant Housing Units | 1,059 ( 5.1%) |
| Median Home Value | $554,009 |
| Average Home Value | $605,738 |
Housing Distribution
Address Breakdown
Residential
19,962
Single Family
14,827
Multi-Family
5,135
Businesses
1,343
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Listed by: Gretchen Coley • Compass -- Raleigh
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10102514
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.