2651 Mellow Field Dr UNIT 101RaleighNC27604
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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 2651 Mellow Field Dr UNIT 101, Raleigh, NC, 27604 earns $142/mo cash flow from $2,123/mo rent with a $1,591/mo payment. Total monthly income totals $2,123/mo, and annual cash flow totals $1,704/yr on $107,738 capital. ROI tracks 21.49% on current figures, and rental yield reads 7.84% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 111.18% and total cumulative return in cash sums $119,785. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,123/mo property income instead of your personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27604, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,536 (100%) |
| Owner Occupied HU | 10,043 (46.6%) |
| Renter Occupied HU | 10,329 (48.0%) |
| Vacant Housing Units | 1,164 ( 5.4%) |
| Median Home Value | $340,004 |
| Average Home Value | $401,875 |
Housing Distribution
Address Breakdown
Residential
20,430
Single Family
16,920
Multi-Family
3,510
Businesses
1,579
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Listed by: Rebecca Savitski • Century 21 Triangle Group
Mls Name: Doorify MLS
Mls ID: #10132913