802 Powell DrGarnerNC27529
Nearby investment properties with comparable rents
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 Garner at 802 Powell Dr, Garner, NC, 27529 offers a 9.1% rental yield on a $227,000 purchase with $1,721/mo rent. Total monthly income registers $1,721/mo, and a $1,111/mo payment leaves $322/mo available for distribution. Annual cash flow reaches $3,865/yr on $75,251 to close, and return on cash invested stands at 25.05% in year one. Equity gained on principal adds $1,465/yr while 5% annual appreciation supports $62,716 over five years. Portfolio math shows five-year ROI at 130.41% and total cumulative return in cash at $98,137. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,721/mo property income against a $1,111/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.33 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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Nearby investment properties with comparable prices
Listed by: Thomas Ladane Shoupe • Opendoor Brokerage LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10077302
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