677 Pine Ridge Pl #677RaleighNC27609
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
Investment property for sale in Raleigh at 677 Pine Ridge Pl #677, Raleigh, NC, 27609 uses $56,355 cash to close to unlock $3,108/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $1,295/mo, and a $832/mo payment keeps the spread at $259/mo. Purchase price stands at $170,000, and rental yield measures 9.14% with $1,295/mo rent. Return on cash invested shows 25.42% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 132.27% and total cumulative return in cash records $74,541. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,295/mo property income covering a $832/mo payment rather than investor’s personal income.
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: Phillip A Wood • eXp Realty, LLC - C
Mls Name: Doorify MLS
Mls ID: #10124629