ZIP CODE 27519 // RALEIGH-CARY, NC // DATA AS OF 2026-09-30
Cary, NC (27519) Rental Property Cap Rate & Cash Flow Report
Located in Wake County (Cary, NC), Zip Code 27519 ranks #452 of 500 within this selected sample (10th percentile) with a Zillow ZHVI typical home-value index of $690,357 (-2.0% YoY) and a ZORI observed market rent of $1,899/mo (+3.0% YoY). Requires at least 78.0% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$2,529/mo
Annual: -$30,349/yr
Modeled Cap Rate
1.67%
NOI: $11,541/yr
Cash-on-Cash Return
-19.11%
Cash Needed: $158,782
1% Rule Ratio
0.28%
Gross Yield: 3.30%
Break-Even Rent
$4,806/mo
State Tax: 0.70%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 27519 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NC Avg 0.70%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$3,491/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$937/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (27519)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $535,797 | $1,705/mo | 3.82% |
| 2022 | $682,647 | $1,888/mo | 3.32% |
| 2023 | $677,966 | $1,880/mo | 3.33% |
| 2024 | $709,548 | $1,888/mo | 3.19% |
| 2025 | $704,790 | $1,842/mo | 3.14% |
| 2026 | $690,357 | $1,899/mo | 3.30% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 28277 Charlotte, NC | $602,387 | $1,974/mo | 2.22% | -$1,931/mo |
| 27587 Wake Forest, NC | $504,797 | $1,795/mo | 2.51% | -$1,496/mo |
| 28078 Huntersville, NC | $535,352 | $1,938/mo | 2.58% | -$1,556/mo |
| 27713 Durham, NC | $409,919 | $1,544/mo | 2.73% | -$1,139/mo |
| 28173 Waxhaw, NC | $687,851 | $2,637/mo | 2.80% | -$1,872/mo |
| 28027 Concord, NC | $409,576 | $1,752/mo | 3.27% | -$956/mo |