620 E Davie StRaleighNC27601
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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 620 E Davie St, Raleigh, NC, 27601 earns from $2,402/mo rent with a $2,521/mo payment. Total monthly income totals $2,402/mo. ROI tracks 14.84% on current figures, and rental yield reads 5.6% at a $515,000 purchase. Equity gained on principal adds $3,323/yr, and 5% annual appreciation supports $142,285 over five years. Five-year ROI reaches 75.49% and total cumulative return in cash sums $127,909. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,402/mo property income instead of your personal income.
Single Family
Built in 1990
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27601, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,880 (100%) |
| Owner Occupied HU | 1,451 (24.7%) |
| Renter Occupied HU | 3,732 (63.5%) |
| Vacant Housing Units | 697 (11.9%) |
| Median Home Value | $624,684 |
| Average Home Value | $657,493 |
Housing Distribution
Address Breakdown
Residential
5,214
Single Family
3,004
Multi-Family
2,210
Businesses
1,057
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Listed by: Valerie Troupe • Nest Realty of the Triangle
Mls Name: Doorify MLS
Mls ID: #10140652