2622 McNeil StRaleighNC27608
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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
Investment property for sale in Raleigh at 2622 McNeil St, Raleigh, NC, 27608 uses $96,102 cash to close to unlock $2,461/yr annual cash flow and $205/mo monthly cash flow. Total monthly income runs $1,972/mo, and a $1,419/mo payment keeps the spread at $205/mo. Purchase price stands at $289,900, and rental yield measures 8.16% with $1,972/mo rent. Return on cash invested shows 22.47% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 116.49% and total cumulative return in cash records $111,945. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,972/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27608, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,950 (100%) |
| Owner Occupied HU | 3,873 (65.1%) |
| Renter Occupied HU | 1,716 (28.8%) |
| Vacant Housing Units | 361 ( 6.1%) |
| Median Home Value | $902,954 |
| Average Home Value | $979,755 |
Housing Distribution
Address Breakdown
Residential
5,483
Single Family
5,005
Multi-Family
478
Businesses
319
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Listed by: Mary Clayton Eggl McGee • Dogwood Properties
Mls Name: Doorify MLS
Mls ID: #10132084