823 Richmont Grove Ln, Apex, NC, 27523 | 6.79% 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 Apex at 823 Richmont Grove Ln, Apex, NC, 27523 generates $2,546/mo in rent, after a $2,203/mo payment. Total monthly income is $2,546/mo. Return on cash invested sits at 18.32% in year one, and rental yield is 6.79% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 94.21% and total cumulative return in cash sums $140,538. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,546/mo property income rather than buyer’s personal income.

Townhouse

Built in 2020

2,178 sqft lot

$N/A/sqft

No HOA