1717 Martin Luther King Jr BlvdRaleighNC27610
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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 1717 Martin Luther King Jr Blvd, Raleigh, NC, 27610 generates $1,981/mo in rent and, after a $1,471/mo payment, leaves $149/mo in cash flow. Total monthly income is $1,981/mo, and annual cash flow is $1,793/yr on $99,616 invested. Return on cash invested sits at 21.71% in year one, and rental yield is 7.91% on a $300,500 entry. Equity gained on principal adds $1,939/yr, while 5% annual appreciation builds toward $83,023 over five years. Five-year ROI reaches 112.38% and total cumulative return in cash sums $111,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,981/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
8,712 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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