1610 Draper View Loop #101RaleighNC27608
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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
Total monthly income runs $3,212/mo, and a $3,793/mo payment. Purchase price stands at $775,000, and rental yield measures 4.97% with $3,212/mo rent. Return on cash invested shows 12.95% in year one, and 5% annual appreciation builds toward $214,118 over five years. Five-year ROI reaches 65.35% and total cumulative return in cash records $166,627. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,212/mo property income covering a $3,793/mo payment rather than investor’s personal income.
Condo
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27608, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,950 (100%) |
| Owner Occupied HU | 3,873 (65.1%) |
| Renter Occupied HU | 1,716 (28.8%) |
| Vacant Housing Units | 361 ( 6.1%) |
| Median Home Value | $902,954 |
| Average Home Value | $979,755 |
Housing Distribution
Address Breakdown
Residential
5,483
Single Family
5,005
Multi-Family
478
Businesses
319
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Listed by: Mary Kathryn Basnight • Compass -- Raleigh
Mls Name: Doorify MLS
Mls ID: #10103043