4700 Westgrove St APT 709RaleighNC27606
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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 709, Raleigh, NC, 27606 offers a 9.06% rental yield on a $140,000 purchase with $1,057/mo rent. Total monthly income registers $1,057/mo, and a $685/mo payment leaves $204/mo available for distribution. Annual cash flow reaches $2,448/yr on $46,410 to close, and return on cash invested stands at 25.18% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 130.99% and total cumulative return in cash at $60,790. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,057/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Chase Crain • Bison Realty Group
Mls Name: Doorify MLS
Mls ID: #10130667