1283 Schaub Dr APT BRaleighNC27606
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1283 Schaub Dr APT B, Raleigh, NC, 27606 priced at $197,000 converts $1,675/mo rent into $200/mo cash flow after a $964/mo obligation. Total monthly income equals $1,675/mo, and annual cash flow totals $2,395/yr on $65,306 invested. Return on cash invested prints 23.58% in year one, and rental yield reads 10.2% against a $197,000 entry. Equity gained on principal adds $1,271/yr, while 5% annual appreciation compiles into $54,427 by year five. Five-year ROI reaches 124.24% and total cumulative return in cash sums $81,134. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,675/mo property income covering a $964/mo payment, not borrower’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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Nearby investment properties with comparable prices
Listed by: Shaylan Good • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10085851
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