940 Skylar CtWake 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
Rental property for sale in Wake Forest at 940 Skylar Ct, Wake Forest, NC, 27587 generates $2,236/mo in rent and, after a $1,566/mo payment, leaves $286/mo in cash flow. Total monthly income is $2,236/mo, and annual cash flow is $3,432/yr on $106,080 invested. Return on cash invested sits at 23.14% in year one, and rental yield is 8.38% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 120.05% and total cumulative return in cash sums $127,347. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,236/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
0.56 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: Bella Godoy • Triangle Specialist
Mls Name: Doorify MLS
Mls ID: #10144995