5028 Morning Edge DrRaleighNC27613
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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 5028 Morning Edge Dr, Raleigh, NC, 27613 generates $2,376/mo in rent and, after a $1,737/mo payment, leaves $213/mo in cash flow. Total monthly income is $2,376/mo, and annual cash flow is $2,557/yr on $117,649 invested. Return on cash invested sits at 22.08% in year one, and rental yield is 8.03% on a $354,900 entry. Equity gained on principal adds $2,290/yr, while 5% annual appreciation builds toward $98,052 over five years. Five-year ROI reaches 114.4% and total cumulative return in cash sums $134,596. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,376/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27613, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,131 (100%) |
| Owner Occupied HU | 13,139 (65.3%) |
| Renter Occupied HU | 6,526 (32.4%) |
| Vacant Housing Units | 466 ( 2.3%) |
| Median Home Value | $578,619 |
| Average Home Value | $619,455 |
Housing Distribution
Address Breakdown
Residential
20,069
Single Family
14,392
Multi-Family
5,677
Businesses
501
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Listed by: Roberta Ager • eXp Realty, LLC - C
Mls Name: Doorify MLS
Mls ID: #10141333