700 Bishops Park Dr UNIT 302RaleighNC27605
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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 700 Bishops Park Dr UNIT 302, Raleigh, NC, 27605 earns from $2,213/mo rent with a $1,946/mo payment. Total monthly income totals $2,213/mo. ROI tracks 14.85% on current figures, and rental yield reads 6.68% at a $397,500 purchase. Equity gained on principal adds $2,565/yr, and 5% annual appreciation supports $109,822 over five years. Five-year ROI reaches 76.7% and total cumulative return in cash sums $101,063. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,213/mo property income instead of your personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$346 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27605, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,781 (100%) |
| Owner Occupied HU | 1,112 (29.4%) |
| Renter Occupied HU | 2,384 (63.1%) |
| Vacant Housing Units | 285 ( 7.5%) |
| Median Home Value | $698,153 |
| Average Home Value | $733,824 |
Housing Distribution
Address Breakdown
Residential
4,189
Single Family
1,739
Multi-Family
2,450
Businesses
704
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Listed by: Philip Donahoo • Compass -- Raleigh
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10113193
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.