667 Pine Ridge PlRaleighNC27609
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 667 Pine Ridge Pl, Raleigh, NC, 27609 in Raleigh at $159,900 earns $1,477/mo in rent and nets $128/mo after the $719/mo payment, a 10.81% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $44,177 over five years. Ziffy Mortgage underwrites this on a 2.05 DSCR without U.S. credit history. With $1,473/yr in principal paydown, total projected return reaches $92,959.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 5.8% |
| Monthly Cash Flow | $128 | $1,850 |
City averages based on Raleigh market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,477 |
| Total Monthly Debt Service | $911 |
| DSCR Ratio | 1.62x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chad Doggett • Long & Foster Real Estate INC/Raleigh
Mls Name: Doorify MLS
Mls ID: #10108820