2724 Riddick DrRaleighNC27609
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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 2724 Riddick Dr, Raleigh, NC, 27609 earns from $4,225/mo rent with a $5,849/mo payment. Total monthly income totals $4,225/mo. ROI tracks 10.89% on current figures, and rental yield reads 4.24% at a $1,195,000 purchase. Equity gained on principal adds $7,711/yr, and 5% annual appreciation supports $330,156 over five years. Five-year ROI reaches 54.26% and total cumulative return in cash sums $210,074. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,225/mo property income instead of your personal income.
Single Family
Built in 1957
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27609, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,512 (100%) |
| Owner Occupied HU | 8,252 (40.2%) |
| Renter Occupied HU | 10,501 (51.2%) |
| Vacant Housing Units | 1,759 ( 8.6%) |
| Median Home Value | $533,480 |
| Average Home Value | $626,808 |
Housing Distribution
Address Breakdown
Residential
19,413
Single Family
12,136
Multi-Family
7,277
Businesses
2,137
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Listed by: Cindy Roberts • Merriment Realty
Mls Name: Doorify MLS
Mls ID: #10119624