1421 Ikes Pond LnRaleighNC27610
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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 1421 Ikes Pond Ln, Raleigh, NC, 27610 offers a 10.11% rental yield on a $270,000 purchase with $2,274/mo rent. Total monthly income registers $2,274/mo, and a $1,322/mo payment leaves $628/mo available for distribution. Annual cash flow reaches $7,536/yr on $89,505 to close, and return on cash invested stands at 28.33% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 147.85% and total cumulative return in cash at $132,337. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,274/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
6,098 sqft 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: Thomas Ladane Shoupe • Opendoor Brokerage LLC
Mls Name: Doorify MLS
Mls ID: #10137502