1904 Merion PlRaleighNC27615
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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 1904 Merion Pl, Raleigh, NC, 27615 offers a 6.02% rental yield on a $875,000 purchase with $4,391/mo rent. 13% in year one. Equity gained on principal adds $5,646/yr while 5% annual appreciation supports $241,746 over five years. Portfolio math shows five-year ROI at 82.43% and total cumulative return in cash at $237,299. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,391/mo property income against a $4,283/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27615, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,752 (100%) |
| Owner Occupied HU | 13,070 (66.2%) |
| Renter Occupied HU | 6,101 (30.9%) |
| Vacant Housing Units | 581 ( 2.9%) |
| Median Home Value | $547,143 |
| Average Home Value | $621,510 |
Housing Distribution
Address Breakdown
Residential
19,835
Single Family
15,147
Multi-Family
4,688
Businesses
1,869
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Listed by: Teresa Faye Estep • Berkshire Hathaway HomeService
Mls Name: Doorify MLS
Mls ID: #10125191