626 Pine Ridge PlRaleighNC27609
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 626 Pine Ridge Pl, Raleigh, NC, 27609 priced at $139,900 converts $1,089/mo rent into after a $685/mo obligation. Total monthly income equals $1,089/mo. Return on cash invested prints 16.8% in year one, and rental yield reads 9.34% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 89.4% and total cumulative return in cash sums $41,463. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,089/mo property income covering a $685/mo payment, not borrower’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$332 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27609, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,512 (100%) |
| Owner Occupied HU | 8,252 (40.2%) |
| Renter Occupied HU | 10,501 (51.2%) |
| Vacant Housing Units | 1,759 ( 8.6%) |
| Median Home Value | $533,480 |
| Average Home Value | $626,808 |
Housing Distribution
Address Breakdown
Residential
19,413
Single Family
12,136
Multi-Family
7,277
Businesses
2,137
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Nearby investment properties with comparable prices
Listed by: Deborah Melvin-Willis • Vision Quest Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10074539
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