2517 High Ridge DrRaleighNC27606
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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 2517 High Ridge Dr, Raleigh, NC, 27606 generates $5,626/mo in rent and, after a $4,454/mo payment, leaves $80/mo in cash flow. Total monthly income is $5,626/mo, and annual cash flow is $960/yr on $299,390 invested. Return on cash invested sits at 20.38% in year one, and rental yield is 7.42% on a $910,000 entry. Equity gained on principal adds $5,872/yr, while 5% annual appreciation builds toward $251,416 over five years. Five-year ROI reaches 105.21% and total cumulative return in cash sums $314,983. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,626/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
1.53 Acres 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: Van Starling • HODGE & KITTRELL SOTHEBYS INTE
Mls Name: Doorify MLS
Mls ID: #10115618