3636 Water Mist LnRaleighNC27604
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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 3636 Water Mist Ln, Raleigh, NC, 27604 earns from $1,910/mo rent with a $1,664/mo payment. Total monthly income totals $1,910/mo. ROI tracks 18.18% on current figures, and rental yield reads 6.74% at a $340,000 purchase. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,936 over five years. Five-year ROI reaches 93.46% and total cumulative return in cash sums $105,342. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,910/mo property income instead of your personal income.
Townhouse
Built in 2019
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27604, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,536 (100%) |
| Owner Occupied HU | 10,043 (46.6%) |
| Renter Occupied HU | 10,329 (48.0%) |
| Vacant Housing Units | 1,164 ( 5.4%) |
| Median Home Value | $340,004 |
| Average Home Value | $401,875 |
Housing Distribution
Address Breakdown
Residential
20,430
Single Family
16,920
Multi-Family
3,510
Businesses
1,579
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Listed by: Michael Proctor • Triangle Home Team Realty
Mls Name: Doorify MLS
Mls ID: #10105207