2613 Red Spruce DrRaleighNC27616
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 2613 Red Spruce Dr, Raleigh, NC, 27616 priced at $545,999 converts $2,999/mo rent into after a $2,672/mo obligation. Total monthly income equals $2,999/mo. Return on cash invested prints 17.17% in year one, and rental yield reads 6.59% against a $545,999 entry. Equity gained on principal adds $3,523/yr, while 5% annual appreciation compiles into $150,849 by year five. Five-year ROI reaches 88.26% and total cumulative return in cash sums $158,546. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,999/mo property income covering a $2,672/mo payment, not borrower’s personal income.
Single Family
Built in 2020
10,454 sqft lot
$N/A/sqft
$399 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27616, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,617 (100%) |
| Owner Occupied HU | 14,069 (54.9%) |
| Renter Occupied HU | 10,238 (40.0%) |
| Vacant Housing Units | 1,310 ( 5.1%) |
| Median Home Value | $379,663 |
| Average Home Value | $432,165 |
Housing Distribution
Address Breakdown
Residential
24,762
Single Family
18,978
Multi-Family
5,784
Businesses
1,240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charles Michael Willis • DASH Carolina
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10102682
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.