3309 Glade Spring CtRaleighNC27612
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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 3309 Glade Spring Ct, Raleigh, NC, 27612 generates $3,199/mo in rent, after a $3,744/mo payment. Total monthly income is $3,199/mo. Return on cash invested sits at 13.08% in year one, and rental yield is 5.02% on a $765,000 entry. Equity gained on principal adds $4,936/yr, while 5% annual appreciation builds toward $211,355 over five years. Five-year ROI reaches 66.08% and total cumulative return in cash sums $166,319. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,199/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27612, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,064 (100%) |
| Owner Occupied HU | 9,872 (44.7%) |
| Renter Occupied HU | 10,725 (48.6%) |
| Vacant Housing Units | 1,467 ( 6.6%) |
| Median Home Value | $629,577 |
| Average Home Value | $689,960 |
Housing Distribution
Address Breakdown
Residential
21,208
Single Family
11,826
Multi-Family
9,382
Businesses
1,398
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Listed by: Barbara Green • EXP Realty LLC
Mls Name: Doorify MLS
Mls ID: #10141727