2035 Simpkins RdRaleighNC27603
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
Investment property for sale in Raleigh at 2035 Simpkins Rd, Raleigh, NC, 27603 uses $64,643 cash to close to unlock $4,428/yr annual cash flow and $369/mo monthly cash flow. Total monthly income runs $1,557/mo, and a $954/mo payment keeps the spread at $369/mo. Purchase price stands at $195,000, and rental yield measures 9.58% with $1,557/mo rent. Return on cash invested shows 26.76% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 139.43% and total cumulative return in cash records $90,130. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,557/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27603, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,862 (100%) |
| Owner Occupied HU | 14,518 (52.1%) |
| Renter Occupied HU | 11,290 (40.5%) |
| Vacant Housing Units | 2,054 ( 7.4%) |
| Median Home Value | $434,377 |
| Average Home Value | $484,278 |
Housing Distribution
Address Breakdown
Residential
24,605
Single Family
17,831
Multi-Family
6,774
Businesses
1,965
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Sauls • Encore Properties
Mls Name: Doorify MLS
Mls ID: #10107642