675 Garnet LnWake ForestNC27587
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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 Wake Forest at 675 Garnet Ln, Wake Forest, NC, 27587 priced at $270,000 converts $1,986/mo rent into $335/mo cash flow after a $1,322/mo obligation. Total monthly income equals $1,986/mo, and annual cash flow totals $4,020/yr on $89,505 invested. Return on cash invested prints 24.4% in year one, and rental yield reads 8.83% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 126.82% and total cumulative return in cash sums $113,509. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,986/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Manufactured
Built in 1995
N/A lot
$N/A/sqft
$60 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27587, Wake Forest, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,796 (100%) |
| Owner Occupied HU | 26,327 (73.5%) |
| Renter Occupied HU | 7,313 (20.4%) |
| Vacant Housing Units | 2,156 ( 6.0%) |
| Median Home Value | $536,728 |
| Average Home Value | $601,447 |
Housing Distribution
Address Breakdown
Residential
32,873
Single Family
30,365
Multi-Family
2,508
Businesses
1,451
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Listed by: JEIS HUGHES • OASIS REALTY AGENCY
Mls Name: LPRMLS
Mls Provider:
Mls ID: #735459
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.