414 Madison AveCaryNC27513
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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 414 Madison Ave, Cary, NC, 27513 priced at $811,000 pairs $1,867/mo rent with after a $3,969/mo payment. Total monthly income equals $1,867/mo. Return on cash invested is 6.23% in year one, and rental yield stands at 2.76% on a $811,000 basis. Equity gained on principal adds $5,233/yr, and 5% annual appreciation accumulates to $224,064 by year five. Five-year ROI measures 29.32% and total cumulative return in cash reaches $78,233. For financing, Ziffy Mortgage’s DSCR program evaluates $1,867/mo property income against a $3,969/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.25 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: Xueni Chang • NC CARY REALTY LLC
Mls Name: Doorify MLS
Mls ID: #10094396