516 Vatersay DrApexNC27502
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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 Apex at 516 Vatersay Dr, Apex, NC, 27502 with 5% annual appreciation on a $611,000 basis while $2,870/mo rent supports operations. 69% in year one. Equity gained on principal adds $3,943/yr, and five-year appreciation sums $168,808 alongside rental yield of 5.64%. Five-year ROI measures 74.8% and total cumulative return in cash totals $150,357. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,870/mo property income versus a $2,991/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
6,098 sqft lot
$N/A/sqft
$45 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27502, Apex, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,077 (100%) |
| Owner Occupied HU | 14,333 (75.1%) |
| Renter Occupied HU | 3,940 (20.7%) |
| Vacant Housing Units | 804 ( 4.2%) |
| Median Home Value | $588,560 |
| Average Home Value | $614,278 |
Housing Distribution
Address Breakdown
Residential
18,556
Single Family
17,585
Multi-Family
971
Businesses
1,422
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Listed by: Anastasia Bubnova • Choice Residential Real Estate
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10110143
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.