704 N King Charles RdRaleighNC27610
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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 704 N King Charles Rd, Raleigh, NC, 27610 priced at $296,000 converts $1,873/mo rent into $69/mo cash flow after a $1,449/mo obligation. Total monthly income equals $1,873/mo, and annual cash flow totals $826/yr on $98,124 invested. Return on cash invested prints 20.75% in year one, and rental yield reads 7.59% against a $296,000 entry. Equity gained on principal adds $1,910/yr, while 5% annual appreciation compiles into $81,779 by year five. Five-year ROI reaches 107.23% and total cumulative return in cash sums $105,220. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,873/mo property income covering a $1,449/mo payment, not borrower’s personal income.
Single Family
Built in 1950
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27610, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,468 (100%) |
| Owner Occupied HU | 17,254 (56.6%) |
| Renter Occupied HU | 11,637 (38.2%) |
| Vacant Housing Units | 1,577 ( 5.2%) |
| Median Home Value | $312,788 |
| Average Home Value | $354,970 |
Housing Distribution
Address Breakdown
Residential
29,432
Single Family
25,146
Multi-Family
4,286
Businesses
1,252
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Listed by: David Wilson • Carolina's Choice Real Estate
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10102959
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.