1010 Sandlin Pl APT ERaleighNC27606
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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 Raleigh at 1010 Sandlin Pl APT E, Raleigh, NC, 27606 offers a 10.8% rental yield on a $155,900 purchase with $1,403/mo rent. Total monthly income registers $1,403/mo, and a $763/mo payment leaves $453/mo available for distribution. Annual cash flow reaches $5,435/yr on $51,681 to close, and return on cash invested stands at 30.43% in year one. Equity gained on principal adds $1,006/yr while 5% annual appreciation supports $43,072 over five years. Portfolio math shows five-year ROI at 159.12% and total cumulative return in cash at $82,234. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,403/mo property income against a $763/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27606, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,087 (100%) |
| Owner Occupied HU | 7,122 (30.8%) |
| Renter Occupied HU | 14,521 (62.9%) |
| Vacant Housing Units | 1,444 ( 6.3%) |
| Median Home Value | $494,047 |
| Average Home Value | $578,737 |
Housing Distribution
Address Breakdown
Residential
21,847
Single Family
13,869
Multi-Family
7,978
Businesses
895
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Listed by: William S Allen • ALLEN REAL ESTATE GROUP, LLC
Mls Name: Doorify MLS
Mls ID: #10142694