4700 Westgrove St APT 216RaleighNC27606
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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 4700 Westgrove St APT 216, Raleigh, NC, 27606 listed at $130,000 pairs $1,013/mo rent with a $636/mo payment to leave $221/mo cash flow. Total monthly income runs $1,013/mo, and annual cash flow reaches $2,652/yr on $43,095 cash to close. Return on cash invested measures 26.06% in year one, and rental yield registers 9.35% at a $130,000 basis. Equity gained on principal adds $839/yr, and annual property appreciation at 5% supports $35,917 by year five. Five-year ROI tracks 135.67% and total cumulative return in cash totals $58,467. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,013/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
N/A lot
$N/A/sqft
No 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
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Listed by: Tiffany Williamson • Navigate Realty
Mls Name: Doorify MLS
Mls ID: #10135295