1138 Ricochet DrRaleighNC27610
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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 1138 Ricochet Dr, Raleigh, NC, 27610 uses $99,417 cash to close to unlock $3,649/yr annual cash flow and $304/mo monthly cash flow. Total monthly income runs $2,132/mo, and a $1,468/mo payment keeps the spread at $304/mo. Purchase price stands at $299,900, and rental yield measures 8.53% with $2,132/mo rent. Return on cash invested shows 23.58% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 122.46% and total cumulative return in cash records $121,744. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,132/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 2006
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27610, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,468 (100%) |
| Owner Occupied HU | 17,254 (56.6%) |
| Renter Occupied HU | 11,637 (38.2%) |
| Vacant Housing Units | 1,577 ( 5.2%) |
| Median Home Value | $312,788 |
| Average Home Value | $354,970 |
Housing Distribution
Address Breakdown
Residential
29,432
Single Family
25,146
Multi-Family
4,286
Businesses
1,252
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Listed by: Jennifer Papenfuhs • Keller Williams Realty Cary
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10100770
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.