1224 S Person St #201RaleighNC27601
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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 1224 S Person St #201, Raleigh, NC, 27601 offers a 5.68% rental yield on a $561,740 purchase with $2,659/mo rent. 48% in year one. Equity gained on principal adds $3,625/yr while 5% annual appreciation supports $155,198 over five years. Portfolio math shows five-year ROI at 68.76% and total cumulative return in cash at $127,080. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,659/mo property income against a $2,749/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2025
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27601, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,880 (100%) |
| Owner Occupied HU | 1,451 (24.7%) |
| Renter Occupied HU | 3,732 (63.5%) |
| Vacant Housing Units | 697 (11.9%) |
| Median Home Value | $624,684 |
| Average Home Value | $657,493 |
Housing Distribution
Address Breakdown
Residential
5,214
Single Family
3,004
Multi-Family
2,210
Businesses
1,057
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Listed by: Aimee Vasilik • SM North Carolina Brokerage
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10112475
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.