1208 Schaub Dr APT BRaleighNC27606
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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 1208 Schaub Dr APT B, Raleigh, NC, 27606 generates $1,662/mo in rent and, after a $720/mo payment, leaves $765/mo in cash flow. Total monthly income is $1,662/mo, and annual cash flow is $9,186/yr on $48,764 invested. Return on cash invested sits at 38.75% in year one, and rental yield is 13.56% on a $147,100 entry. Equity gained on principal adds $949/yr, while 5% annual appreciation builds toward $40,641 over five years. Five-year ROI reaches 203.77% and total cumulative return in cash sums $99,367. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,662/mo property income rather than buyer’s personal income.
Condo
Built in 1972
436 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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