1309 Hillbrow Ln APT 303RaleighNC27615
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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 1309 Hillbrow Ln APT 303, Raleigh, NC, 27615 offers a 8.54% rental yield on a $240,000 purchase with $1,708/mo rent. Total monthly income registers $1,708/mo, and a $1,175/mo payment leaves $245/mo available for distribution. Annual cash flow reaches $2,940/yr on $79,560 to close, and return on cash invested stands at 23.6% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 122.54% and total cumulative return in cash at $97,490. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,708/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27615, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,752 (100%) |
| Owner Occupied HU | 13,070 (66.2%) |
| Renter Occupied HU | 6,101 (30.9%) |
| Vacant Housing Units | 581 ( 2.9%) |
| Median Home Value | $547,143 |
| Average Home Value | $621,510 |
Housing Distribution
Address Breakdown
Residential
19,835
Single Family
15,147
Multi-Family
4,688
Businesses
1,869
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Listed by: Mary Burr Edwards • Long & Foster Real Estate INC/Raleigh
Mls Name: Doorify MLS
Mls ID: #10134101