1311 Park Glen Dr APT 101RaleighNC27610
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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 1311 Park Glen Dr APT 101, Raleigh, NC, 27610 uses $53,040 cash to close to unlock $5,664/yr annual cash flow and $472/mo monthly cash flow. Total monthly income runs $1,447/mo, and a $783/mo payment keeps the spread at $472/mo. Purchase price stands at $160,000, and rental yield measures 10.85% with $1,447/mo rent. Return on cash invested shows 30.59% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 159.96% and total cumulative return in cash records $84,842. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,447/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1986
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: Moji Balogun • Results Realty of Raleigh
Mls Name: Doorify MLS
Mls ID: #10142084