319 Fayetteville St UNIT 404RaleighNC27601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 $3,229/mo, and a $2,839/mo payment. Purchase price stands at $579,999, and rental yield measures 6.68% with $3,229/mo rent. Return on cash invested shows 18.14% in year one, and 5% annual appreciation builds toward $160,243 over five years. Five-year ROI reaches 93.16% and total cumulative return in cash records $177,776. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,229/mo property income covering a $2,839/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tamera O'Wesney • Carolina One Realty
Mls Name: Doorify MLS
Mls ID: #10095108