2521 Gordon Glen Ct APT 102RaleighNC27617
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 2521 Gordon Glen Ct APT 102, Raleigh, NC, 27617 in Raleigh at $260,000 earns $1,978/mo in rent and nets $152/mo after the $1,169/mo payment, a 9.13% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $71,833 over five years. Ziffy Mortgage underwrites this on a 1.69 DSCR without U.S. credit history. With $2,395/yr in principal paydown, total projected return reaches $123,801.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 5.8% |
| Monthly Cash Flow | $152 | $1,850 |
City averages based on Raleigh market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,978 |
| Total Monthly Debt Service | $1,481 |
| DSCR Ratio | 1.34x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27617, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,181 (100%) |
| Owner Occupied HU | 4,237 (37.9%) |
| Renter Occupied HU | 6,168 (55.2%) |
| Vacant Housing Units | 776 ( 6.9%) |
| Median Home Value | $553,776 |
| Average Home Value | $625,222 |
Housing Distribution
Address Breakdown
Residential
10,838
Single Family
4,133
Multi-Family
6,705
Businesses
977
Nearby investment properties with comparable rents
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
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27617, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,181 (100%) |
| Owner Occupied HU | 4,237 (37.9%) |
| Renter Occupied HU | 6,168 (55.2%) |
| Vacant Housing Units | 776 ( 6.9%) |
| Median Home Value | $553,776 |
| Average Home Value | $625,222 |
Housing Distribution
Address Breakdown
Residential
10,838
Single Family
4,133
Multi-Family
6,705
Businesses
977
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Doorify MLS
Mls ID: #10170060