3204 Manor Ridge DrRaleighNC27603
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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
Rental property for sale in Raleigh at 3204 Manor Ridge Dr, Raleigh, NC, 27603 priced at $738,000 converts $4,970/mo rent into $472/mo cash flow after a $3,612/mo obligation. Total monthly income equals $4,970/mo, and annual cash flow totals $5,669/yr on $242,802 invested. Return on cash invested prints 22.4% in year one, and rental yield reads 8.08% against a $738,000 entry. Equity gained on principal adds $4,762/yr, while 5% annual appreciation compiles into $203,896 by year five. Five-year ROI reaches 116.02% and total cumulative return in cash sums $281,694. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,970/mo property income covering a $3,612/mo payment, not borrower’s personal income.
Single Family
Built in 1973
1.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27603, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,862 (100%) |
| Owner Occupied HU | 14,518 (52.1%) |
| Renter Occupied HU | 11,290 (40.5%) |
| Vacant Housing Units | 2,054 ( 7.4%) |
| Median Home Value | $434,377 |
| Average Home Value | $484,278 |
Housing Distribution
Address Breakdown
Residential
24,605
Single Family
17,831
Multi-Family
6,774
Businesses
1,965
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Listed by: Natalie Pearse • United Real Estate Triangle
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10111411
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.