642 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
Total monthly income runs $1,524/mo, and a $954/mo payment. Purchase price stands at $195,000, and rental yield measures 9.38% with $1,524/mo rent. Return on cash invested shows 19.64% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 103.67% and total cumulative return in cash records $67,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,524/mo property income covering a $954/mo payment rather than investor’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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Listed by: Jennifer Reycroft • DASH Carolina
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10120143
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.