808 Saint Catherines DrWake 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
Investment property for sale in Wake Forest at 808 Saint Catherines Dr, Wake Forest, NC, 27587 with 5% annual appreciation on a $280,000 basis while $2,022/mo rent supports operations. Total monthly income totals $2,022/mo and a $1,370/mo payment preserves $316/mo for cash returns. Annual cash flow comes to $3,792/yr on $92,820 deployed, and return on cash invested reaches 23.99% in year one. Equity gained on principal adds $1,807/yr, and five-year appreciation sums $77,359 alongside rental yield of 8.67%. Five-year ROI measures 124.61% and total cumulative return in cash totals $115,665.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,022/mo property income versus a $1,370/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1996
1,306 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: Noah Fishbane • Fathom Realty NC
Mls Name: Doorify MLS
Mls ID: #10132097