412 Waterford Lake DrCaryNC27519
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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 412 Waterford Lake Dr, Cary, NC, 27519 uses $85,859 cash to close to unlock $6,098/yr annual cash flow and $508/mo monthly cash flow. Total monthly income runs $2,087/mo, and a $1,268/mo payment keeps the spread at $508/mo. Purchase price stands at $259,000, and rental yield measures 9.67% with $2,087/mo rent. Return on cash invested shows 27.01% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 140.86% and total cumulative return in cash records $120,940. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,087/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27519, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,394 (100%) |
| Owner Occupied HU | 17,672 (64.5%) |
| Renter Occupied HU | 8,097 (29.6%) |
| Vacant Housing Units | 1,625 ( 5.9%) |
| Median Home Value | $678,001 |
| Average Home Value | $748,230 |
Housing Distribution
Address Breakdown
Residential
26,524
Single Family
21,851
Multi-Family
4,673
Businesses
814
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Listed by: Mary Kromenhoek • Coldwell Banker HPW
Mls Name: Doorify MLS
Mls ID: #10133248