603 Frank StRaleighNC27604
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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 603 Frank St, Raleigh, NC, 27604 with 5% annual appreciation on a $925,000 basis while $2,534/mo rent supports operations. 82% in year one. Equity gained on principal adds $5,969/yr, and five-year appreciation sums $255,560 alongside rental yield of 3.29%. Five-year ROI measures 37.87% and total cumulative return in cash totals $115,249. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,534/mo property income versus a $4,527/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1942
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27604, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,536 (100%) |
| Owner Occupied HU | 10,043 (46.6%) |
| Renter Occupied HU | 10,329 (48.0%) |
| Vacant Housing Units | 1,164 ( 5.4%) |
| Median Home Value | $340,004 |
| Average Home Value | $401,875 |
Housing Distribution
Address Breakdown
Residential
20,430
Single Family
16,920
Multi-Family
3,510
Businesses
1,579
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Listed by: Jordan McKenzi Bellamy • Insight Real Estate
Mls Name: Doorify MLS
Mls ID: #10139072