602 Hay LnRaleighNC27601
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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
Rental property for sale in Raleigh at 602 Hay Ln, Raleigh, NC, 27601 offers $3,272/mo rent that, after a $2,961/mo payment. Total monthly income is $3,272/mo. Return on cash invested measures 17.56% in year one, and rental yield stands at 6.49% at a $605,000 entry. Equity gained on principal adds $3,904/yr while 5% annual appreciation compounds into $167,150 by year five. Five-year ROI records 90.07% and total cumulative return in cash reaches $179,290. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,272/mo property income versus a $2,961/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
3,920 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: Lisa Gant Gibbs • Navigate Realty
Mls Name: Doorify MLS
Mls ID: #10126966