242 S Raleigh StAngierNC27501
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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 Angier at 242 S Raleigh St, Angier, NC, 27501 generates $1,933/mo in rent and, after a $1,322/mo payment, leaves $287/mo in cash flow. Total monthly income is $1,933/mo, and annual cash flow is $3,444/yr on $89,505 invested. Return on cash invested sits at 23.76% in year one, and rental yield is 8.59% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 123.35% and total cumulative return in cash sums $110,401. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,933/mo property income rather than buyer’s personal income.
Townhouse
Built in 2022
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27501, Angier, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,569 (100%) |
| Owner Occupied HU | 7,115 (74.4%) |
| Renter Occupied HU | 1,944 (20.3%) |
| Vacant Housing Units | 510 ( 5.3%) |
| Median Home Value | $342,992 |
| Average Home Value | $353,137 |
Housing Distribution
Address Breakdown
Residential
9,345
Single Family
9,313
Multi-Family
32
Businesses
492
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Listed by: Michelle Mendler • eXp Realty, LLC - C
Mls Name: Doorify MLS
Mls ID: #10123540