511 S Bloodworth St #102RaleighNC27601
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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 S Bloodworth St #102, Raleigh, NC, 27601 offers a 4.01% rental yield on a $1,393,000 purchase with $4,658/mo rent. 18% in year one. Equity gained on principal adds $8,989/yr while 5% annual appreciation supports $384,860 over five years. Portfolio math shows five-year ROI at 50.46% and total cumulative return in cash at $227,742. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,658/mo property income against a $6,818/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27601, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,880 (100%) |
| Owner Occupied HU | 1,451 (24.7%) |
| Renter Occupied HU | 3,732 (63.5%) |
| Vacant Housing Units | 697 (11.9%) |
| Median Home Value | $624,684 |
| Average Home Value | $657,493 |
Housing Distribution
Address Breakdown
Residential
5,214
Single Family
3,004
Multi-Family
2,210
Businesses
1,057
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Listed by: Johnny Chappell • Compass -- Raleigh
Mls Name: Doorify MLS
Mls ID: #10091893