516 Weathergreen DrRaleighNC27615
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Nearby investment properties with comparable prices
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 516 Weathergreen Dr, Raleigh, NC, 27615 priced at $360,000 converts $2,500/mo rent into $306/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,500/mo, and annual cash flow totals $3,672/yr on $119,340 invested. Return on cash invested prints 22.99% in year one, and rental yield reads 8.33% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 119.21% and total cumulative return in cash sums $142,269. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,500/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Townhouse
Built in 1984
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27615, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,752 (100%) |
| Owner Occupied HU | 13,070 (66.2%) |
| Renter Occupied HU | 6,101 (30.9%) |
| Vacant Housing Units | 581 ( 2.9%) |
| Median Home Value | $547,143 |
| Average Home Value | $621,510 |
Housing Distribution
Address Breakdown
Residential
19,835
Single Family
15,147
Multi-Family
4,688
Businesses
1,869
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Listed by: Jason S Douglas • Accord Realty Group
Mls Name: Doorify MLS
Mls ID: #10143211