1408 Morningsdale DrRaleighNC27609
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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 1408 Morningsdale Dr, Raleigh, NC, 27609 earns from $2,121/mo rent with a $2,153/mo payment. Total monthly income totals $2,121/mo. ROI tracks 14.41% on current figures, and rental yield reads 5.79% at a $439,900 purchase. Equity gained on principal adds $2,839/yr, and 5% annual appreciation supports $121,536 over five years. Five-year ROI reaches 73.59% and total cumulative return in cash sums $107,319. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,121/mo property income instead of your personal income.
Single Family
Built in 1985
7,840 sqft lot
$N/A/sqft
$108 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27609, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,512 (100%) |
| Owner Occupied HU | 8,252 (40.2%) |
| Renter Occupied HU | 10,501 (51.2%) |
| Vacant Housing Units | 1,759 ( 8.6%) |
| Median Home Value | $533,480 |
| Average Home Value | $626,808 |
Housing Distribution
Address Breakdown
Residential
19,413
Single Family
12,136
Multi-Family
7,277
Businesses
2,137
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Listed by: Russell Sicoli • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10103404
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.