260 Abbots Mill DrRaleighNC27603
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
Investment Highlights
Rental property for sale in Raleigh at 260 Abbots Mill Dr, Raleigh, NC, 27603 priced at $451,230 converts $2,220/mo rent into after a $2,209/mo obligation. Total monthly income equals $2,220/mo. Return on cash invested prints 14.67% in year one, and rental yield reads 5.9% against a $451,230 entry. Equity gained on principal adds $2,912/yr, while 5% annual appreciation compiles into $124,667 by year five. Five-year ROI reaches 74.97% and total cumulative return in cash sums $112,148. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,220/mo property income covering a $2,209/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
2,178 sqft lot
$N/A/sqft
$123 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27603, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,862 (100%) |
| Owner Occupied HU | 14,518 (52.1%) |
| Renter Occupied HU | 11,290 (40.5%) |
| Vacant Housing Units | 2,054 ( 7.4%) |
| Median Home Value | $434,377 |
| Average Home Value | $484,278 |
Housing Distribution
Address Breakdown
Residential
24,605
Single Family
17,831
Multi-Family
6,774
Businesses
1,965
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Nearby investment properties with comparable prices
Listed by: Alex Lilly • Pulte Home Company LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10050805
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