616 Brooks AveRaleighNC27607
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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 616 Brooks Ave, Raleigh, NC, 27607 priced at $675,000 converts $3,089/mo rent into after a $3,304/mo obligation. Total monthly income equals $3,089/mo. Return on cash invested prints 14.52% in year one, and rental yield reads 5.49% against a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation compiles into $186,490 by year five. Five-year ROI reaches 73.79% and total cumulative return in cash sums $163,863. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,089/mo property income covering a $3,304/mo payment, not borrower’s personal income.
Single Family
Built in 1942
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27607, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,974 (100%) |
| Owner Occupied HU | 4,220 (32.5%) |
| Renter Occupied HU | 7,330 (56.5%) |
| Vacant Housing Units | 1,424 (11.0%) |
| Median Home Value | $729,137 |
| Average Home Value | $791,211 |
Housing Distribution
Address Breakdown
Residential
11,489
Single Family
6,919
Multi-Family
4,570
Businesses
1,108
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Listed by: Patrick Crawford • Patrick Properties, Inc
Mls Name: Doorify MLS
Mls ID: #10126126