6512 Southern Times DrRaleighNC27603
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 6512 Southern Times Dr, Raleigh, NC, 27603 offers $3,439/mo rent that, after a $3,304/mo payment. Total monthly income is $3,439/mo. Return on cash invested measures 16.25% in year one, and rental yield stands at 6.11% at a $674,995 entry. Equity gained on principal adds $4,356/yr while 5% annual appreciation compounds into $186,489 by year five. Five-year ROI records 83.11% and total cumulative return in cash reaches $184,573. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,439/mo property income versus a $3,304/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.78 Acres lot
$N/A/sqft
$360 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27603, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,862 (100%) |
| Owner Occupied HU | 14,518 (52.1%) |
| Renter Occupied HU | 11,290 (40.5%) |
| Vacant Housing Units | 2,054 ( 7.4%) |
| Median Home Value | $434,377 |
| Average Home Value | $484,278 |
Housing Distribution
Address Breakdown
Residential
24,605
Single Family
17,831
Multi-Family
6,774
Businesses
1,965
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Nearby investment properties with comparable prices
Listed by: Erica Anderson • Team Anderson Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10089994
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