4005 Converse DrRaleighNC27609
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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 4005 Converse Dr, Raleigh, NC, 27609 listed at $849,500 pairs $3,640/mo rent with a $4,158/mo payment. Total monthly income runs $3,640/mo. Return on cash invested measures 13.46% in year one, and rental yield registers 5.14% at a $849,500 basis. Equity gained on principal adds $5,482/yr, and annual property appreciation at 5% supports $234,701 by year five. Five-year ROI tracks 68.1% and total cumulative return in cash totals $190,317. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,640/mo property income relative to a $4,158/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27609, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,512 (100%) |
| Owner Occupied HU | 8,252 (40.2%) |
| Renter Occupied HU | 10,501 (51.2%) |
| Vacant Housing Units | 1,759 ( 8.6%) |
| Median Home Value | $533,480 |
| Average Home Value | $626,808 |
Housing Distribution
Address Breakdown
Residential
19,413
Single Family
12,136
Multi-Family
7,277
Businesses
2,137
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Listed by: Graham Young • Berkshire Hathaway HomeService
Mls Name: Doorify MLS
Mls ID: #10122190