602 Weather Ridge Ln #21CaryNC27513
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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 602 Weather Ridge Ln #21, Cary, NC, 27513 earns $219/mo cash flow from $2,484/mo rent with a $1,819/mo payment. Total monthly income totals $2,484/mo, and annual cash flow totals $2,627/yr on $123,224 capital. ROI tracks 22.04% on current figures, and rental yield reads 8.02% at a $371,715 purchase. Equity gained on principal adds $2,399/yr, and 5% annual appreciation supports $102,698 over five years. Five-year ROI reaches 114.14% and total cumulative return in cash sums $140,643. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,484/mo property income instead of your personal income.
Condo
Built in 2025
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: Tom Cashwell • Coldwell Banker Advantage NH
Mls Name: Doorify MLS
Mls ID: #10130434