506 Greyfriars LnCaryNC27518
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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 506 Greyfriars Ln, Cary, NC, 27518 with 5% annual appreciation on a $975,000 basis while $4,537/mo rent supports operations. 8% in year one. Equity gained on principal adds $6,292/yr, and five-year appreciation sums $269,375 alongside rental yield of 5.58%. Five-year ROI measures 75.3% and total cumulative return in cash totals $241,539. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,537/mo property income versus a $4,772/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1994
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27518, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,459 (100%) |
| Owner Occupied HU | 5,726 (60.5%) |
| Renter Occupied HU | 3,375 (35.7%) |
| Vacant Housing Units | 358 ( 3.8%) |
| Median Home Value | $630,645 |
| Average Home Value | $688,082 |
Housing Distribution
Address Breakdown
Residential
9,501
Single Family
6,118
Multi-Family
3,383
Businesses
934
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Listed by: Kathy Sims • EXP Realty LLC
Mls Name: Doorify MLS
Mls ID: #10116858