777 Cormiche 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 777 Cormiche Ln, Wake Forest, NC, 27587 offers $3,300/mo rent that, after a $2,182/mo payment, leaves $583/mo cash flow. Total monthly income is $3,300/mo, and annual cash flow is $6,995/yr on $147,816 cash. Return on cash invested measures 24.64% in year one, and rental yield stands at 8.88% at a $445,900 entry. Equity gained on principal adds $2,877/yr while 5% annual appreciation compounds into $123,194 by year five. Five-year ROI records 128.08% and total cumulative return in cash reaches $189,327. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,300/mo property income versus a $2,182/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
3,484 sqft 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: Melissa Rocamora • eXp Realty, LLC - C
Mls Name: Doorify MLS
Mls ID: #10133084