2304 Champion Ct #2304RaleighNC27606
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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
Total monthly income runs $1,662/mo, and a $1,591/mo payment. Purchase price stands at $325,000, and rental yield measures 6.14% with $1,662/mo rent. Return on cash invested shows 16.36% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 83.65% and total cumulative return in cash records $90,121. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,662/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Condo
Built in 1966
N/A 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: Kelly Cobb • Compass -- Cary
Mls Name: Doorify MLS
Mls ID: #10135823