2516 Constitution DrRaleighNC27615
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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
Investment property for sale in Raleigh at 2516 Constitution Dr, Raleigh, NC, 27615 earns $189/mo cash flow from $2,987/mo rent with a $2,247/mo payment. Total monthly income totals $2,987/mo, and annual cash flow totals $2,270/yr on $152,159 capital. ROI tracks 21.4% on current figures, and rental yield reads 7.81% at a $459,000 purchase. Equity gained on principal adds $2,962/yr, and 5% annual appreciation supports $126,813 over five years. Five-year ROI reaches 110.75% and total cumulative return in cash sums $168,515. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,987/mo property income instead of your personal income.
Single Family
Built in 1994
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27615, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,752 (100%) |
| Owner Occupied HU | 13,070 (66.2%) |
| Renter Occupied HU | 6,101 (30.9%) |
| Vacant Housing Units | 581 ( 2.9%) |
| Median Home Value | $547,143 |
| Average Home Value | $621,510 |
Housing Distribution
Address Breakdown
Residential
19,835
Single Family
15,147
Multi-Family
4,688
Businesses
1,869
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Listed by: John Richard Moore • Raleigh Realty Inc.
Mls Name: Doorify MLS
Mls ID: #10110696