1308 S State St APT CRaleighNC27610
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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 1308 S State St APT C, Raleigh, NC, 27610 earns $182/mo cash flow from $1,550/mo rent with a $1,093/mo payment. Total monthly income totals $1,550/mo, and annual cash flow totals $2,186/yr on $74,028 capital. ROI tracks 22.86% on current figures, and rental yield reads 8.33% at a $223,311 purchase. Equity gained on principal adds $1,441/yr, and 5% annual appreciation supports $61,697 over five years. Five-year ROI reaches 118.65% and total cumulative return in cash sums $87,835. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,550/mo property income instead of your personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27610, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,468 (100%) |
| Owner Occupied HU | 17,254 (56.6%) |
| Renter Occupied HU | 11,637 (38.2%) |
| Vacant Housing Units | 1,577 ( 5.2%) |
| Median Home Value | $312,788 |
| Average Home Value | $354,970 |
Housing Distribution
Address Breakdown
Residential
29,432
Single Family
25,146
Multi-Family
4,286
Businesses
1,252
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Listed by: N/A • N/A
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