7400 New Forest LnWake ForestNC27587
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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
Investment property for sale in Wake Forest at 7400 New Forest Ln, Wake Forest, NC, 27587 listed at $950,000 pairs $4,584/mo rent with a $4,650/mo payment. Total monthly income runs $4,584/mo. Return on cash invested measures 15.43% in year one, and rental yield registers 5.79% at a $950,000 basis. Equity gained on principal adds $6,130/yr, and annual property appreciation at 5% supports $262,467 by year five. Five-year ROI tracks 78.65% and total cumulative return in cash totals $245,822. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,584/mo property income relative to a $4,650/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
1.53 Acres lot
$N/A/sqft
No 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: Jennifer Zech • Allen Tate/Raleigh-Falls Neuse
Mls Name: Doorify MLS
Mls ID: #10127226