3645 Mill RunRaleighNC27612
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 3645 Mill Run, Raleigh, NC, 27612 in Raleigh is narrow, $132/mo net on $1,722/mo rent after the $980/mo debt service, but the property operates at break-even-plus, not a loss. At $218,000 with a 9.48% yield, the long-run equity case via 5% appreciation ($60,229 over five years) and $2,008/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.76 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $107,934.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 5.8% |
| Monthly Cash Flow | $132 | $1,850 |
City averages based on Raleigh market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,722 |
| Total Monthly Debt Service | $1,242 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1983
N/A 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
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
Condo
Built in 1983
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Doorify MLS
Mls ID: #10154022