1401 Spring Forest RdRaleighNC27615
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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
Rental property for sale in Raleigh at 1401 Spring Forest Rd, Raleigh, NC, 27615 priced at $751,994 converts $3,491/mo rent into after a $3,681/mo obligation. Total monthly income equals $3,491/mo. Return on cash invested prints 14.76% in year one, and rental yield reads 5.57% against a $751,994 entry. Equity gained on principal adds $4,853/yr, while 5% annual appreciation compiles into $207,762 by year five. Five-year ROI reaches 75.09% and total cumulative return in cash sums $185,768. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,491/mo property income covering a $3,681/mo payment, not borrower’s personal income.
Single Family
Built in 1957
0.46 Acres 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: Erika Luster • Keller Williams Elite Realty
Mls Name: Doorify MLS
Mls ID: #10125882