3109 Crandon LnRaleighNC27604
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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 3109 Crandon Ln, Raleigh, NC, 27604 earns $84/mo cash flow from $2,183/mo rent with a $1,686/mo payment. Total monthly income totals $2,183/mo, and annual cash flow totals $1,003/yr on $114,202 capital. ROI tracks 20.79% on current figures, and rental yield reads 7.6% at a $344,500 purchase. Equity gained on principal adds $2,223/yr, and 5% annual appreciation supports $95,179 over five years. Five-year ROI reaches 107.42% and total cumulative return in cash sums $122,679. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,183/mo property income instead of your personal income.
Single Family
Built in 1962
10,018 sqft 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: Robin Elizabeth Bodwin • Choice Residential Real Estate
Mls Name: Doorify MLS
Mls ID: #10109596