637 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
Rental property for sale in Garner at 637 Red River Dr, Garner, NC, 27529 priced at $412,000 pairs $3,295/mo rent with $784/mo cash flow after a $2,017/mo payment. Total monthly income equals $3,295/mo, and annual cash flow comes to $9,403/yr on $136,578 invested. Return on cash invested is 26.79% in year one, and rental yield stands at 9.6% on a $412,000 basis. Equity gained on principal adds $2,659/yr, and 5% annual appreciation accumulates to $113,828 by year five. Five-year ROI measures 139.64% and total cumulative return in cash reaches $190,719. For financing, Ziffy Mortgage’s DSCR program evaluates $3,295/mo property income against a $2,017/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
5,227 sqft lot
$N/A/sqft
No 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 ID: #10111475