635 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 635 Pine Ridge Pl, Raleigh, NC, 27609 priced at $182,500 pairs $1,463/mo rent with $351/mo cash flow after a $893/mo payment. Total monthly income equals $1,463/mo, and annual cash flow comes to $4,212/yr on $60,499 invested. Return on cash invested is 26.87% in year one, and rental yield stands at 9.62% on a $182,500 basis. Equity gained on principal adds $1,178/yr, and 5% annual appreciation accumulates to $50,421 by year five. Five-year ROI measures 140.03% and total cumulative return in cash reaches $84,718. For financing, Ziffy Mortgage’s DSCR program evaluates $1,463/mo property income against a $893/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
No 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: Tracy Dowling • Homecoin.com
Mls Name: Doorify MLS
Mls ID: #10130825