3242 Landing Falls LnRaleighNC27616
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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 3242 Landing Falls Ln, Raleigh, NC, 27616 uses $137,573 cash to close to unlock $3,216/yr annual cash flow and $268/mo monthly cash flow. Total monthly income runs $2,797/mo, and a $2,031/mo payment keeps the spread at $268/mo. Purchase price stands at $415,000, and rental yield measures 8.09% with $2,797/mo rent. Return on cash invested shows 22.25% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 115.24% and total cumulative return in cash records $158,541. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,797/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Single Family
Built in 2006
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27616, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,617 (100%) |
| Owner Occupied HU | 14,069 (54.9%) |
| Renter Occupied HU | 10,238 (40.0%) |
| Vacant Housing Units | 1,310 ( 5.1%) |
| Median Home Value | $379,663 |
| Average Home Value | $432,165 |
Housing Distribution
Address Breakdown
Residential
24,762
Single Family
18,978
Multi-Family
5,784
Businesses
1,240
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Listed by: Matt Bergevin • Real Broker, LLC
Mls Name: Doorify MLS
Mls ID: #10120127