667 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
Investment property for sale in Raleigh at 667 Pine Ridge Pl, Raleigh, NC, 27609 with 5% annual appreciation on a $159,900 basis while $1,477/mo rent supports operations. Total monthly income totals $1,477/mo and a $783/mo payment preserves $502/mo for cash returns. Annual cash flow comes to $6,025/yr on $53,007 deployed, and return on cash invested reaches 31.28% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 11.08%. Five-year ROI measures 163.78% and total cumulative return in cash totals $86,814.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,477/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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: Chad Doggett • Long & Foster Real Estate INC/Raleigh
Mls Name: Doorify MLS
Mls ID: #10108820