6685 English Ivy LnRaleighNC27615
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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 6685 English Ivy Ln, Raleigh, NC, 27615 priced at $305,000 converts $1,827/mo rent into after a $1,493/mo obligation. Total monthly income equals $1,827/mo. Return on cash invested prints 17.04% in year one, and rental yield reads 7.19% against a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation compiles into $84,266 by year five. Five-year ROI reaches 88.22% and total cumulative return in cash sums $89,194. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,827/mo property income covering a $1,493/mo payment, not borrower’s personal income.
Townhouse
Built in 1985
1,742 sqft lot
$N/A/sqft
$210 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27615, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,752 (100%) |
| Owner Occupied HU | 13,070 (66.2%) |
| Renter Occupied HU | 6,101 (30.9%) |
| Vacant Housing Units | 581 ( 2.9%) |
| Median Home Value | $547,143 |
| Average Home Value | $621,510 |
Housing Distribution
Address Breakdown
Residential
19,835
Single Family
15,147
Multi-Family
4,688
Businesses
1,869
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Listed by: Amy Holloway • Choice Residential Real Estate
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10096067
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.