1316 S State St APT DRaleighNC27610
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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 1316 S State St APT D, Raleigh, NC, 27610 offers a 7.99% rental yield on a $235,000 purchase with $1,565/mo rent. Total monthly income registers $1,565/mo, and a $1,150/mo payment leaves $133/mo available for distribution. Annual cash flow reaches $1,596/yr on $77,903 to close, and return on cash invested stands at 21.96% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 113.69% and total cumulative return in cash at $88,564. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,565/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
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: Rebecca Savitski • Century 21 Triangle Group
Mls Name: Doorify MLS
Mls ID: #10126875