103 Gary StRaleighNC27606
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Raleigh at 103 Gary St, Raleigh, NC, 27606 generates $2,258/mo in rent and, after a $1,742/mo payment, leaves $89/mo in cash flow. Total monthly income is $2,258/mo, and annual cash flow is $1,066/yr on $118,014 invested. Return on cash invested sits at 20.81% in year one, and rental yield is 7.61% on a $356,000 entry. Equity gained on principal adds $2,297/yr, while 5% annual appreciation builds toward $98,356 over five years. Five-year ROI reaches 107.55% and total cumulative return in cash sums $126,926. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,258/mo property income rather than buyer’s personal income.
Multi Family
Built in 1988
0.43 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marika La Sorsa • Coldwell Banker HPW
Mls Name: Doorify MLS
Mls ID: #10141933