318 Cooke StRaleighNC27601
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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 318 Cooke St, Raleigh, NC, 27601 with 5% annual appreciation on a $615,000 basis while $3,658/mo rent supports operations. 53% in year one. Equity gained on principal adds $3,969/yr, and five-year appreciation sums $169,913 alongside rental yield of 7.14%. Five-year ROI measures 100.63% and total cumulative return in cash totals $203,609. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,658/mo property income versus a $3,010/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27601, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,880 (100%) |
| Owner Occupied HU | 1,451 (24.7%) |
| Renter Occupied HU | 3,732 (63.5%) |
| Vacant Housing Units | 697 (11.9%) |
| Median Home Value | $624,684 |
| Average Home Value | $657,493 |
Housing Distribution
Address Breakdown
Residential
5,214
Single Family
3,004
Multi-Family
2,210
Businesses
1,057
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Listed by: Suzie Smith • Costello Real Estate & Investm
Mls Name: Doorify MLS
Mls ID: #10121034