816 Lilyquist Way, Wake Forest, NC, 27587 | 7.21% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Wake Forest at 816 Lilyquist Way, Wake Forest, NC, 27587 priced at $489,900 converts $2,944/mo rent into after a $2,398/mo obligation. Total monthly income equals $2,944/mo. Return on cash invested prints 18.05% in year one, and rental yield reads 7.21% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 93.32% and total cumulative return in cash sums $151,553. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,944/mo property income covering a $2,398/mo payment, not borrower’s personal income.

Townhouse

Built in 2023

1,742 sqft lot

$N/A/sqft

$210 monthly 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