13616 New Light RdRaleighNC27614
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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 13616 New Light Rd, Raleigh, NC, 27614 earns from $4,320/mo rent with a $4,890/mo payment. Total monthly income totals $4,320/mo. ROI tracks 13.6% on current figures, and rental yield reads 5.19% at a $999,000 purchase. Equity gained on principal adds $6,446/yr, and 5% annual appreciation supports $276,005 over five years. Five-year ROI reaches 68.87% and total cumulative return in cash sums $226,358. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,320/mo property income instead of your personal income.
Single Family
Built in 1976
4.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27614, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,661 (100%) |
| Owner Occupied HU | 10,125 (69.1%) |
| Renter Occupied HU | 3,739 (25.5%) |
| Vacant Housing Units | 797 ( 5.4%) |
| Median Home Value | $616,769 |
| Average Home Value | $701,271 |
Housing Distribution
Address Breakdown
Residential
14,411
Single Family
11,166
Multi-Family
3,245
Businesses
450
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Listed by: Megan Crean • Realty World Carolina Prop
Mls Name: Doorify MLS
Mls ID: #10141583