4700 Westgrove St APT 213RaleighNC27606
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
Investment property for sale in Raleigh at 4700 Westgrove St APT 213, Raleigh, NC, 27606 uses $33,150 cash to close to unlock $7,032/yr annual cash flow and $586/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $489/mo payment keeps the spread at $586/mo. Purchase price stands at $100,000, and rental yield measures 18% with $1,500/mo rent. Return on cash invested shows 41.12% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 220.43% and total cumulative return in cash records $73,072. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $489/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$305 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27606, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,087 (100%) |
| Owner Occupied HU | 7,122 (30.8%) |
| Renter Occupied HU | 14,521 (62.9%) |
| Vacant Housing Units | 1,444 ( 6.3%) |
| Median Home Value | $494,047 |
| Average Home Value | $578,737 |
Housing Distribution
Address Breakdown
Residential
21,847
Single Family
13,869
Multi-Family
7,978
Businesses
895
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrea Andrado Ochoa • Collective Realty LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10064233
Disclaimer: Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers personal, non-commercial use. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.