629 Daniels St APT BRaleighNC27605
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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 629 Daniels St APT B, Raleigh, NC, 27605 with 5% annual appreciation on a $225,000 basis while $1,550/mo rent supports operations. Total monthly income totals $1,550/mo and a $1,101/mo payment preserves $179/mo for cash returns. Annual cash flow comes to $2,148/yr on $74,588 deployed, and return on cash invested reaches 22.79% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 8.27%. Five-year ROI measures 118.15% and total cumulative return in cash totals $88,125.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,550/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1953
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27605, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,781 (100%) |
| Owner Occupied HU | 1,112 (29.4%) |
| Renter Occupied HU | 2,384 (63.1%) |
| Vacant Housing Units | 285 ( 7.5%) |
| Median Home Value | $698,153 |
| Average Home Value | $733,824 |
Housing Distribution
Address Breakdown
Residential
4,189
Single Family
1,739
Multi-Family
2,450
Businesses
704
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Listed by: Craig Tribus • BEYCOME BROKERAGE REALTY LLC
Mls Name: Doorify MLS
Mls ID: #10141274