408 Troy PlRaleighNC27609
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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 408 Troy Pl, Raleigh, NC, 27609 priced at $550,000 converts $2,924/mo rent into after a $2,692/mo obligation. Total monthly income equals $2,924/mo. Return on cash invested prints 17.22% in year one, and rental yield reads 6.38% against a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 88.26% and total cumulative return in cash sums $159,706. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,924/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Single Family
Built in 1969
0.27 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: Gretchen Coley • Compass -- Raleigh
Mls Name: Doorify MLS
Mls ID: #10129228