511 N Person St APT 101RaleighNC27604
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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 511 N Person St APT 101, Raleigh, NC, 27604 listed at $550,000 pairs $3,690/mo rent with a $2,692/mo payment. Total monthly income runs $3,690/mo. Return on cash invested measures 19.71% in year one, and rental yield registers 8.05% at a $550,000 basis. Equity gained on principal adds $3,549/yr, and annual property appreciation at 5% supports $151,955 by year five. Five-year ROI tracks 102.54% and total cumulative return in cash totals $185,542. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,690/mo property income relative to a $2,692/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2015
N/A lot
$N/A/sqft
$343 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27604, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,536 (100%) |
| Owner Occupied HU | 10,043 (46.6%) |
| Renter Occupied HU | 10,329 (48.0%) |
| Vacant Housing Units | 1,164 ( 5.4%) |
| Median Home Value | $340,004 |
| Average Home Value | $401,875 |
Housing Distribution
Address Breakdown
Residential
20,430
Single Family
16,920
Multi-Family
3,510
Businesses
1,579
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Listed by: Leslie Damiano • Keller Williams Elite Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10118397
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.