509 Timber Meadow Lake DrFuquay VarinaNC27526
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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 Fuquay Varina at 509 Timber Meadow Lake Dr, Fuquay Varina, NC, 27526 offers $2,494/mo rent that, after a $1,908/mo payment, leaves $118/mo cash flow. Total monthly income is $2,494/mo, and annual cash flow is $1,417/yr on $129,252 cash. Return on cash invested measures 21.01% in year one, and rental yield stands at 7.68% at a $389,900 entry. Equity gained on principal adds $2,516/yr while 5% annual appreciation compounds into $107,722 by year five. Five-year ROI records 108.63% and total cumulative return in cash reaches $140,401. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,494/mo property income versus a $1,908/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27526, Fuquay Varina, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,398 (100%) |
| Owner Occupied HU | 22,007 (74.9%) |
| Renter Occupied HU | 5,725 (19.5%) |
| Vacant Housing Units | 1,666 ( 5.7%) |
| Median Home Value | $454,486 |
| Average Home Value | $535,857 |
Housing Distribution
Address Breakdown
Residential
27,375
Single Family
27,088
Multi-Family
287
Businesses
1,165
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Listed by: Eric Estes • Long & Foster Real Estate INC/Triangle East
Mls Name: Doorify MLS
Mls ID: #10114004