3122 Morningside DrRaleighNC27607
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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
Total monthly income runs $2,108/mo, and a $1,908/mo payment. Purchase price stands at $389,900, and rental yield measures 6.49% with $2,108/mo rent. Return on cash invested shows 17.42% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 89.41% and total cumulative return in cash records $115,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,108/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Townhouse
Built in 1978
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27607, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,974 (100%) |
| Owner Occupied HU | 4,220 (32.5%) |
| Renter Occupied HU | 7,330 (56.5%) |
| Vacant Housing Units | 1,424 (11.0%) |
| Median Home Value | $729,137 |
| Average Home Value | $791,211 |
Housing Distribution
Address Breakdown
Residential
11,489
Single Family
6,919
Multi-Family
4,570
Businesses
1,108
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Listed by: Angela Drum • Angela Drum Team Realtors
Mls Name: Doorify MLS
Mls ID: #10138775