5602 Falls Of Neuse Rd APT ARaleighNC27609
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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 5602 Falls Of Neuse Rd APT A, Raleigh, NC, 27609 uses $61,328 cash to close to unlock $6,660/yr annual cash flow and $555/mo monthly cash flow. Total monthly income runs $1,682/mo, and a $905/mo payment keeps the spread at $555/mo. Purchase price stands at $185,000, and rental yield measures 10.91% with $1,682/mo rent. Return on cash invested shows 30.77% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 160.94% and total cumulative return in cash records $98,703. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,682/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27609, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,512 (100%) |
| Owner Occupied HU | 8,252 (40.2%) |
| Renter Occupied HU | 10,501 (51.2%) |
| Vacant Housing Units | 1,759 ( 8.6%) |
| Median Home Value | $533,480 |
| Average Home Value | $626,808 |
Housing Distribution
Address Breakdown
Residential
19,413
Single Family
12,136
Multi-Family
7,277
Businesses
2,137
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Listed by: Eric Olson • Olson Realty Group
Mls Name: Doorify MLS
Mls ID: #10133751