523 S West St UNIT 210RaleighNC27601
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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
Investment property for sale in Raleigh at 523 S West St UNIT 210, Raleigh, NC, 27601 uses $176,015 cash to close to unlock $5,678/yr annual cash flow and $473/mo monthly cash flow. Total monthly income runs $4,090/mo, and a $2,619/mo payment keeps the spread at $473/mo. Purchase price stands at $535,000, and rental yield measures 9.17% with $4,090/mo rent. Return on cash invested shows 23.29% in year one, and 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 121.69% and total cumulative return in cash records $214,192. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,090/mo property income covering a $2,619/mo payment rather than investor’s personal income.
Condo
Built in 2020
N/A lot
$N/A/sqft
$350 monthly 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: Bradley Murray • Murray Real Estate Group, LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10043657
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