408 Electra DrCaryNC27513
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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 408 Electra Dr, Cary, NC, 27513 priced at $625,000 converts $2,755/mo rent into after a $3,059/mo obligation. Total monthly income equals $2,755/mo. Return on cash invested prints 13.91% in year one, and rental yield reads 5.29% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 70.5% and total cumulative return in cash sums $144,961. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,755/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.40 Acres lot
$N/A/sqft
No 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: Scott Brown • Compass -- Cary
Mls Name: Doorify MLS
Mls ID: #10135121