705 Averroe DrApexNC27502
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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 Apex at 705 Averroe Dr, Apex, NC, 27502 listed at $450,000 pairs $2,750/mo rent with a $2,203/mo payment to leave $7/mo cash flow. Total monthly income runs $2,750/mo, and annual cash flow reaches $84/yr on $149,175 cash to close. Return on cash invested measures 19.97% in year one, and rental yield registers 7.33% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 103.01% and total cumulative return in cash totals $153,666. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,750/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27502, Apex, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,077 (100%) |
| Owner Occupied HU | 14,333 (75.1%) |
| Renter Occupied HU | 3,940 (20.7%) |
| Vacant Housing Units | 804 ( 4.2%) |
| Median Home Value | $588,560 |
| Average Home Value | $614,278 |
Housing Distribution
Address Breakdown
Residential
18,556
Single Family
17,585
Multi-Family
971
Businesses
1,422
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Listed by: Andy Leyva • TruBlu Realty
Mls Name: Doorify MLS
Mls ID: #10123584