178 Ivy Vine WayRaleighNC27610
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 178 Ivy Vine Way, Raleigh, NC, 27610 priced at $349,999 converts $2,324/mo rent into $191/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,324/mo, and annual cash flow totals $2,292/yr on $116,025 invested. Return on cash invested prints 21.88% in year one, and rental yield reads 7.97% against a $349,999 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,698 by year five. Five-year ROI reaches 113.3% and total cumulative return in cash sums $131,462. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,324/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Townhouse
Built in 2023
2,178 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: Marcus Lane • GROSSMAN REAL ESTATE GROUP LLC
Mls Name: Doorify MLS
Mls ID: #10120120