405 Starrett CtRaleighNC27603
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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 405 Starrett Ct, Raleigh, NC, 27603 priced at $450,000 converts $2,229/mo rent into after a $2,203/mo obligation. Total monthly income equals $2,229/mo. Return on cash invested prints 15.77% in year one, and rental yield reads 5.94% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 80.53% and total cumulative return in cash sums $120,138. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,229/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1992
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27603, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,862 (100%) |
| Owner Occupied HU | 14,518 (52.1%) |
| Renter Occupied HU | 11,290 (40.5%) |
| Vacant Housing Units | 2,054 ( 7.4%) |
| Median Home Value | $434,377 |
| Average Home Value | $484,278 |
Housing Distribution
Address Breakdown
Residential
24,605
Single Family
17,831
Multi-Family
6,774
Businesses
1,965
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Listed by: Susan H Ayers • HomeZu
Mls Name: Doorify MLS
Mls ID: #10132284