701 W Lane St APT 103RaleighNC27603
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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 701 W Lane St APT 103, Raleigh, NC, 27603 earns from $3,487/mo rent with a $3,916/mo payment. Total monthly income totals $3,487/mo. ROI tracks 12.69% on current figures, and rental yield reads 5.23% at a $800,000 purchase. Equity gained on principal adds $5,162/yr, and 5% annual appreciation supports $221,025 over five years. Five-year ROI reaches 64.33% and total cumulative return in cash sums $169,304. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,487/mo property income instead of your personal income.
Townhouse
Built in 1998
1,306 sqft lot
$N/A/sqft
$450 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27603, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,862 (100%) |
| Owner Occupied HU | 14,518 (52.1%) |
| Renter Occupied HU | 11,290 (40.5%) |
| Vacant Housing Units | 2,054 ( 7.4%) |
| Median Home Value | $434,377 |
| Average Home Value | $484,278 |
Housing Distribution
Address Breakdown
Residential
24,605
Single Family
17,831
Multi-Family
6,774
Businesses
1,965
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Listed by: Linda Craft • Linda Craft Team, REALTORS
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10112557
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.