707 Colleton 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 707 Colleton Rd, Raleigh, NC, 27610 priced at $480,000 converts $2,335/mo rent into after a $2,349/mo obligation. Total monthly income equals $2,335/mo. Return on cash invested prints 15.46% in year one, and rental yield reads 5.84% against a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,615 by year five. Five-year ROI reaches 78.84% and total cumulative return in cash sums $125,453. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,335/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Multi Family
Built in 2024
N/A 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: Annette Holt • Compass -- Cary
Mls Name: Doorify MLS
Mls ID: #10116916