1424 Old Watkins RdRaleighNC27616
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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 1424 Old Watkins Rd, Raleigh, NC, 27616 offers $3,392/mo rent that, after a $2,692/mo payment, leaves $40/mo cash flow. Total monthly income is $3,392/mo, and annual cash flow is $480/yr on $180,950 cash. Return on cash invested measures 20.33% in year one, and rental yield stands at 7.4% at a $550,000 entry. Equity gained on principal adds $3,549/yr while 5% annual appreciation compounds into $151,955 by year five. Five-year ROI records 104.91% and total cumulative return in cash reaches $189,838. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,392/mo property income versus a $2,692/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27616, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,617 (100%) |
| Owner Occupied HU | 14,069 (54.9%) |
| Renter Occupied HU | 10,238 (40.0%) |
| Vacant Housing Units | 1,310 ( 5.1%) |
| Median Home Value | $379,663 |
| Average Home Value | $432,165 |
Housing Distribution
Address Breakdown
Residential
24,762
Single Family
18,978
Multi-Family
5,784
Businesses
1,240
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Listed by: Jeff Garrett • Allen Tate/Wake Forest
Mls Name: Doorify MLS
Mls ID: #10127725