2459 Bay Harbor DrRaleighNC27604
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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
Rental property for sale in Raleigh at 2459 Bay Harbor Dr, Raleigh, NC, 27604 offers $1,894/mo rent that, after a $1,145/mo payment, leaves $455/mo cash flow. Total monthly income is $1,894/mo, and annual cash flow is $5,463/yr on $77,538 cash. Return on cash invested measures 26.95% in year one, and rental yield stands at 9.72% at a $233,900 entry. Equity gained on principal adds $1,509/yr while 5% annual appreciation compounds into $64,622 by year five. Five-year ROI records 140.61% and total cumulative return in cash reaches $109,027. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,894/mo property income versus a $1,145/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27604, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,536 (100%) |
| Owner Occupied HU | 10,043 (46.6%) |
| Renter Occupied HU | 10,329 (48.0%) |
| Vacant Housing Units | 1,164 ( 5.4%) |
| Median Home Value | $340,004 |
| Average Home Value | $401,875 |
Housing Distribution
Address Breakdown
Residential
20,430
Single Family
16,920
Multi-Family
3,510
Businesses
1,579
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A