424 Nomar RdRaleighNC27610
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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 424 Nomar Rd, Raleigh, NC, 27610 with 5% annual appreciation on a $249,000 basis while $1,677/mo rent supports operations. Total monthly income totals $1,677/mo and a $1,219/mo payment preserves $159/mo for cash returns. Annual cash flow comes to $1,910/yr on $82,544 deployed, and return on cash invested reaches 22.22% in year one. Equity gained on principal adds $1,607/yr, and five-year appreciation sums $68,794 alongside rental yield of 8.08%. Five-year ROI measures 115.16% and total cumulative return in cash totals $95,060.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,677/mo property income versus a $1,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2002
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27610, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,468 (100%) |
| Owner Occupied HU | 17,254 (56.6%) |
| Renter Occupied HU | 11,637 (38.2%) |
| Vacant Housing Units | 1,577 ( 5.2%) |
| Median Home Value | $312,788 |
| Average Home Value | $354,970 |
Housing Distribution
Address Breakdown
Residential
29,432
Single Family
25,146
Multi-Family
4,286
Businesses
1,252
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Listed by: Brent Henson • Compass -- Raleigh
Mls Name: Doorify MLS
Mls ID: #10137944