116 Northbrook Dr APT 204RaleighNC27609
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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 Raleigh at 116 Northbrook Dr APT 204, Raleigh, NC, 27609 generates $2,606/mo in rent, after a $2,445/mo payment. Total monthly income is $2,606/mo. Return on cash invested sits at 16.73% in year one, and rental yield is 6.26% on a $499,500 entry. Equity gained on principal adds $3,223/yr, while 5% annual appreciation builds toward $138,003 over five years. Five-year ROI reaches 85.68% and total cumulative return in cash sums $141,871. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,606/mo property income rather than buyer’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27609, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,512 (100%) |
| Owner Occupied HU | 8,252 (40.2%) |
| Renter Occupied HU | 10,501 (51.2%) |
| Vacant Housing Units | 1,759 ( 8.6%) |
| Median Home Value | $533,480 |
| Average Home Value | $626,808 |
Housing Distribution
Address Breakdown
Residential
19,413
Single Family
12,136
Multi-Family
7,277
Businesses
2,137
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Listed by: Courtney Taylor • Pine State Properties, LLC
Mls Name: Doorify MLS
Mls ID: #10140709