629 Red River DrGarnerNC27529
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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 Garner at 629 Red River Dr, Garner, NC, 27529 uses $135,252 cash to close to unlock $8,921/yr annual cash flow and $743/mo monthly cash flow. Total monthly income runs $3,295/mo, and a $1,997/mo payment keeps the spread at $743/mo. Purchase price stands at $408,000, and rental yield measures 9.69% with $3,295/mo rent. Return on cash invested shows 26.5% in year one, and 5% annual appreciation builds toward $112,723 over five years. Five-year ROI reaches 138.31% and total cumulative return in cash records $187,063. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,295/mo property income covering a $1,997/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.25 Acres lot
$N/A/sqft
$195 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27529, Garner, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,489 (100%) |
| Owner Occupied HU | 17,091 (67.1%) |
| Renter Occupied HU | 7,180 (28.2%) |
| Vacant Housing Units | 1,218 ( 4.8%) |
| Median Home Value | $398,878 |
| Average Home Value | $447,896 |
Housing Distribution
Address Breakdown
Residential
24,113
Single Family
21,389
Multi-Family
2,724
Businesses
2,205
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Listed by: Jebbie Zulka • Meritage Homes of the Carolina
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10111426
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.