845 N Main StWake 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 845 N Main St, Wake Forest, NC, 27587 earns $531/mo cash flow from $2,274/mo rent with a $1,400/mo payment. Total monthly income totals $2,274/mo, and annual cash flow totals $6,370/yr on $94,809 capital. ROI tracks 26.63% on current figures, and rental yield reads 9.54% at a $286,000 purchase. Equity gained on principal adds $1,846/yr, and 5% annual appreciation supports $79,017 over five years. Five-year ROI reaches 138.74% and total cumulative return in cash sums $131,540. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,274/mo property income instead of your personal income.
Single Family
Built in 2011
0.69 Acres 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: Meisha Spang • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls ID: #10109942