617 Polk 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
Rental property for sale in Raleigh at 617 Polk St, Raleigh, NC, 27604 priced at $659,000 converts $2,718/mo rent into after a $3,225/mo obligation. Total monthly income equals $2,718/mo. Return on cash invested prints 12.88% in year one, and rental yield reads 4.95% against a $659,000 entry. Equity gained on principal adds $4,252/yr, while 5% annual appreciation compiles into $182,070 by year five. Five-year ROI reaches 64.99% and total cumulative return in cash sums $140,899. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,718/mo property income covering a $3,225/mo payment, not borrower’s personal income.
Single Family
Built in 1988
5,227 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: Bill Sewell • Sewell Realty Group
Mls Name: Doorify MLS
Mls ID: #10142410