3911 Morvan WayRaleighNC27612
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
Investment Highlights
Rental property for sale in Raleigh at 3911 Morvan Way, Raleigh, NC, 27612 priced at $1,275,000 converts $4,630/mo rent into after a $6,240/mo obligation. Total monthly income equals $4,630/mo. Return on cash invested prints 10.64% in year one, and rental yield reads 4.36% against a $1,275,000 entry. Equity gained on principal adds $8,227/yr, while 5% annual appreciation compiles into $352,259 by year five. Five-year ROI reaches 53.12% and total cumulative return in cash sums $219,434. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,630/mo property income covering a $6,240/mo payment, not borrower’s personal income.
Single Family
Built in 2008
9,147 sqft lot
$N/A/sqft
$210 monthly 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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Nearby investment properties with comparable prices
Listed by: Erika Williams Reece • Real Broker, LLC - Carolina Collective Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10096117
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