501 Gooseneck Dr UNIT B2CaryNC27513
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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 501 Gooseneck Dr UNIT B2, Cary, NC, 27513 offers a 8.8% rental yield on a $215,000 purchase with $1,577/mo rent. Total monthly income registers $1,577/mo, and a $1,052/mo payment leaves $267/mo available for distribution. Annual cash flow reaches $3,204/yr on $71,273 to close, and return on cash invested stands at 24.4% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 126.8% and total cumulative return in cash at $90,373. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,577/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A 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: Ingrid Marianne Gonzalez • Coldwell Banker HPW
Mls Name: Doorify MLS
Mls ID: #10129249