415 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
Rental property for sale in Cary at 415 Waterford Lake Dr, Cary, NC, 27519 generates $1,848/mo in rent and, after a $1,223/mo payment, leaves $325/mo in cash flow. Total monthly income is $1,848/mo, and annual cash flow is $3,901/yr on $82,842 invested. Return on cash invested sits at 24.62% in year one, and rental yield is 8.87% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 128.04% and total cumulative return in cash sums $106,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,848/mo property income rather than buyer’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: Kathy Pitney • Keller Williams Elite Realty
Mls Name: Doorify MLS
Mls ID: #10119773