1423 Alderman CirRaleighNC27603
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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 1423 Alderman Cir, Raleigh, NC, 27603 listed at $343,000 pairs $2,190/mo rent with a $1,679/mo payment to leave $99/mo cash flow. Total monthly income runs $2,190/mo, and annual cash flow reaches $1,193/yr on $113,705 cash to close. Return on cash invested measures 20.96% in year one, and rental yield registers 7.66% at a $343,000 basis. Equity gained on principal adds $2,213/yr, and annual property appreciation at 5% supports $94,765 by year five. Five-year ROI tracks 108.37% and total cumulative return in cash totals $123,216. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,190/mo property income relative to a $1,679/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1981
2.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27603, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,862 (100%) |
| Owner Occupied HU | 14,518 (52.1%) |
| Renter Occupied HU | 11,290 (40.5%) |
| Vacant Housing Units | 2,054 ( 7.4%) |
| Median Home Value | $434,377 |
| Average Home Value | $484,278 |
Housing Distribution
Address Breakdown
Residential
24,605
Single Family
17,831
Multi-Family
6,774
Businesses
1,965
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Listed by: Ann Williams • THE COLLECTIVE REAL ESTATE GRO
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10101951
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.