707 Forest DrGarnerNC27529
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Nearby investment properties with comparable prices
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 707 Forest Dr, Garner, NC, 27529 priced at $300,000 pairs $2,051/mo rent with $223/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,051/mo, and annual cash flow comes to $2,676/yr on $99,450 invested. Return on cash invested is 22.6% in year one, and rental yield stands at 8.2% on a $300,000 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 117.14% and total cumulative return in cash reaches $116,496. For financing, Ziffy Mortgage’s DSCR program evaluates $2,051/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1967
0.34 Acres 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: Kathleen Elaine Walker Mathurin • Allen Tate/Cary
Mls Name: Doorify MLS
Mls ID: #10124060