629 Pine Ridge PlRaleighNC27609
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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 629 Pine Ridge Pl, Raleigh, NC, 27609 priced at $159,000 pairs $1,273/mo rent with after a $778/mo payment. Total monthly income equals $1,273/mo. Return on cash invested is 19.88% in year one, and rental yield stands at 9.61% on a $159,000 basis. Equity gained on principal adds $1,026/yr, and 5% annual appreciation accumulates to $43,929 by year five. Five-year ROI measures 105.11% and total cumulative return in cash reaches $55,404. For financing, Ziffy Mortgage’s DSCR program evaluates $1,273/mo property income against a $778/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
$305 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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Listed by: Tiffany Williamson • Navigate Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10093639
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.