Newport Plan, Radford GlenWake 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 Newport Plan, Radford Glen, Wake Forest, NC, 27587 priced at $508,999 pairs $3,260/mo rent with $158/mo cash flow after a $2,491/mo payment. Total monthly income equals $3,260/mo, and annual cash flow comes to $1,898/yr on $167,461 invested. Return on cash invested is 21.19% in year one, and rental yield stands at 7.69% on a $508,999 basis. Equity gained on principal adds $3,284/yr, and 5% annual appreciation accumulates to $140,627 by year five. Five-year ROI measures 109.59% and total cumulative return in cash reaches $183,517. For financing, Ziffy Mortgage’s DSCR program evaluates $3,260/mo property income against a $2,491/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A 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: Abby Koehn • Taylor Morrison
Mls Name: Taylor Morrison
Mls Provider:
Mls ID: #N/A