6516 Englehardt DrRaleighNC27617
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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 6516 Englehardt Dr, Raleigh, NC, 27617 generates $3,332/mo in rent, after a $3,034/mo payment. Total monthly income is $3,332/mo. Return on cash invested sits at 17.44% in year one, and rental yield is 6.45% on a $619,900 entry. Equity gained on principal adds $4,000/yr, while 5% annual appreciation builds toward $171,267 over five years. Five-year ROI reaches 89.44% and total cumulative return in cash sums $182,420. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,332/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27617, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,181 (100%) |
| Owner Occupied HU | 4,237 (37.9%) |
| Renter Occupied HU | 6,168 (55.2%) |
| Vacant Housing Units | 776 ( 6.9%) |
| Median Home Value | $553,776 |
| Average Home Value | $625,222 |
Housing Distribution
Address Breakdown
Residential
10,838
Single Family
4,133
Multi-Family
6,705
Businesses
977
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Listed by: Chris Martin • Coldwell Banker HPW
Mls Name: Doorify MLS
Mls ID: #10120815