610 Devereux StRaleighNC27605
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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 610 Devereux St, Raleigh, NC, 27605 with 5% annual appreciation on a $800,000 basis while $2,376/mo rent supports operations. 66% in year one. Equity gained on principal adds $5,162/yr, and five-year appreciation sums $221,025 alongside rental yield of 3.56%. Five-year ROI measures 42.36% and total cumulative return in cash totals $111,500. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,376/mo property income versus a $3,916/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27605, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,781 (100%) |
| Owner Occupied HU | 1,112 (29.4%) |
| Renter Occupied HU | 2,384 (63.1%) |
| Vacant Housing Units | 285 ( 7.5%) |
| Median Home Value | $698,153 |
| Average Home Value | $733,824 |
Housing Distribution
Address Breakdown
Residential
4,189
Single Family
1,739
Multi-Family
2,450
Businesses
704
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Listed by: Rob Jamison • Long & Foster Real Estate INC/Raleigh
Mls Name: Doorify MLS
Mls ID: #10141929