1221 University Ct APT 203RaleighNC27606
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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 University Ct APT 203, Raleigh, NC, 27606 earns from $1,207/mo rent with a $1,395/mo payment. Total monthly income totals $1,207/mo. ROI tracks 13.18% on current figures, and rental yield reads 5.08% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 66.6% and total cumulative return in cash sums $62,922. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,207/mo property income instead of your personal income.
Condo
Built in 1997
N/A 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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Listed by: George Patrick III • Berkshire Hathaway HomeService
Mls Name: Doorify MLS
Mls ID: #10110735