411 W Oak AveWake ForestNC27587
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wake Forest at 411 W Oak Ave, Wake Forest, NC, 27587 at $274,900 posts ROI 25.72% with $441/mo cash flow from $2,116/mo rent. Total monthly income equals $2,116/mo, and annual cash flow records $5,293/yr on $91,129 to close. Return on cash invested measures 25.72% and rental yield reads 9.24% at the current $274,900. Equity gained on principal adds $1,774/yr, and 5% annual appreciation supports $75,950 by year five. Five-year ROI prints 133.91% and total cumulative return in cash totals $122,031.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,116/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1986
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27587, Wake Forest, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,796 (100%) |
| Owner Occupied HU | 26,327 (73.5%) |
| Renter Occupied HU | 7,313 (20.4%) |
| Vacant Housing Units | 2,156 ( 6.0%) |
| Median Home Value | $536,728 |
| Average Home Value | $601,447 |
Housing Distribution
Address Breakdown
Residential
32,873
Single Family
30,365
Multi-Family
2,508
Businesses
1,451
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Allison Turnbaugh • Property Specific, LLC
Mls Name: Doorify MLS
Mls ID: #10114154