2603 Van Dyke AveRaleighNC27607
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 2603 Van Dyke Ave, Raleigh, NC, 27607 in Raleigh: $5,440/mo in rent, $1,783/mo net, 10.88% gross yield, all on a $600,000 acquisition. The 2.02 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $165,769 in value, and $5,526/yr in principal paydown steadily builds equity. Projected total cumulative return: $341,996.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 5.8% |
| Monthly Cash Flow | $1,783 | $1,850 |
City averages based on Raleigh market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,440 |
| Total Monthly Debt Service | $3,418 |
| DSCR Ratio | 1.59x |
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.
Single Family
Built in 1945
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27607, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,974 (100%) |
| Owner Occupied HU | 4,220 (32.5%) |
| Renter Occupied HU | 7,330 (56.5%) |
| Vacant Housing Units | 1,424 (11.0%) |
| Median Home Value | $729,137 |
| Average Home Value | $791,211 |
Housing Distribution
Address Breakdown
Residential
11,489
Single Family
6,919
Multi-Family
4,570
Businesses
1,108
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
Single Family
Built in 1945
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27607, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,974 (100%) |
| Owner Occupied HU | 4,220 (32.5%) |
| Renter Occupied HU | 7,330 (56.5%) |
| Vacant Housing Units | 1,424 (11.0%) |
| Median Home Value | $729,137 |
| Average Home Value | $791,211 |
Housing Distribution
Address Breakdown
Residential
11,489
Single Family
6,919
Multi-Family
4,570
Businesses
1,108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Doorify MLS
Mls ID: #10141764