618 Durwood DrRaleighNC27603
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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 618 Durwood Dr, Raleigh, NC, 27603 offers $3,000/mo rent that, after a $2,276/mo payment, leaves $166/mo cash flow. Total monthly income is $3,000/mo, and annual cash flow is $1,992/yr on $154,148 cash. Return on cash invested measures 21.2% in year one, and rental yield stands at 7.74% at a $465,000 entry. Equity gained on principal adds $3,001/yr while 5% annual appreciation compounds into $128,471 by year five. Five-year ROI records 109.64% and total cumulative return in cash reaches $169,007. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $2,276/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27603, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,862 (100%) |
| Owner Occupied HU | 14,518 (52.1%) |
| Renter Occupied HU | 11,290 (40.5%) |
| Vacant Housing Units | 2,054 ( 7.4%) |
| Median Home Value | $434,377 |
| Average Home Value | $484,278 |
Housing Distribution
Address Breakdown
Residential
24,605
Single Family
17,831
Multi-Family
6,774
Businesses
1,965
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Listed by: Brittany Renee Chatterson • HomeSmart Expert Realty
Mls Name: Doorify MLS
Mls ID: #10101566