7029 Spring Ridge RdCaryNC27518
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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
Total monthly income runs $3,532/mo, and a $3,720/mo payment. Purchase price stands at $760,000, and rental yield measures 5.58% with $3,532/mo rent. Return on cash invested shows 14.78% in year one, and 5% annual appreciation builds toward $209,974 over five years. Five-year ROI reaches 75.18% and total cumulative return in cash records $187,981. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,532/mo property income covering a $3,720/mo payment rather than investor’s personal income.
Single Family
Built in 1992
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27518, Cary, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,459 (100%) |
| Owner Occupied HU | 5,726 (60.5%) |
| Renter Occupied HU | 3,375 (35.7%) |
| Vacant Housing Units | 358 ( 3.8%) |
| Median Home Value | $630,645 |
| Average Home Value | $688,082 |
Housing Distribution
Address Breakdown
Residential
9,501
Single Family
6,118
Multi-Family
3,383
Businesses
934
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Listed by: Beth Randall • Berkshire Hathaway HomeService
Mls Name: Doorify MLS
Mls ID: #10125277