621 Fallon Grove WayRaleighNC27608
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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 621 Fallon Grove Way, Raleigh, NC, 27608 with 5% annual appreciation on a $779,000 basis while $4,691/mo rent supports operations. 79% in year one. Equity gained on principal adds $5,027/yr, and five-year appreciation sums $215,223 alongside rental yield of 7.23%. Five-year ROI measures 102.08% and total cumulative return in cash totals $261,614. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,691/mo property income versus a $3,813/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2016
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27608, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,950 (100%) |
| Owner Occupied HU | 3,873 (65.1%) |
| Renter Occupied HU | 1,716 (28.8%) |
| Vacant Housing Units | 361 ( 6.1%) |
| Median Home Value | $902,954 |
| Average Home Value | $979,755 |
Housing Distribution
Address Breakdown
Residential
5,483
Single Family
5,005
Multi-Family
478
Businesses
319
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Listed by: Richard Callahan • Raleigh Homes Realty
Mls Name: Doorify MLS
Mls ID: #10125029