1221 Teakwood PlRaleighNC27606
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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 1221 Teakwood Pl, Raleigh, NC, 27606 uses $62,985 cash to close to unlock $2,488/yr annual cash flow and $207/mo monthly cash flow. Total monthly income runs $1,647/mo, and a $930/mo payment keeps the spread at $207/mo. Purchase price stands at $190,000, and rental yield measures 10.4% with $1,647/mo rent. Return on cash invested shows 23.86% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 125.9% and total cumulative return in cash records $79,296. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,647/mo property income covering a $930/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$275 monthly 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: Courtney Aiken Andrews • Real Broker, LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10105569
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.