221 Socket StRaleighNC27606
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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 221 Socket St, Raleigh, NC, 27606 priced at $299,000 converts $1,863/mo rent into $41/mo cash flow after a $1,463/mo obligation. Total monthly income equals $1,863/mo, and annual cash flow totals $494/yr on $99,119 invested. Return on cash invested prints 20.41% in year one, and rental yield reads 7.48% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 105.44% and total cumulative return in cash sums $104,506. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,863/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Townhouse
Built in 2020
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27606, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,087 (100%) |
| Owner Occupied HU | 7,122 (30.8%) |
| Renter Occupied HU | 14,521 (62.9%) |
| Vacant Housing Units | 1,444 ( 6.3%) |
| Median Home Value | $494,047 |
| Average Home Value | $578,737 |
Housing Distribution
Address Breakdown
Residential
21,847
Single Family
13,869
Multi-Family
7,978
Businesses
895
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Listed by: Pat Sosa • Redfin Corporation
Mls Name: Doorify MLS
Mls ID: #10135628