709 N State StRaleighNC27604
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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
Total monthly income runs $2,850/mo, and a $5,844/mo payment. Purchase price stands at $1,194,000, and rental yield measures 2.86% with $2,850/mo rent. Return on cash invested shows 6.64% in year one, and 5% annual appreciation builds toward $329,880 over five years. Five-year ROI reaches 31.46% and total cumulative return in cash records $121,704. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,850/mo property income covering a $5,844/mo payment rather than investor’s personal income.
Single Family
Built in 2025
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27604, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,536 (100%) |
| Owner Occupied HU | 10,043 (46.6%) |
| Renter Occupied HU | 10,329 (48.0%) |
| Vacant Housing Units | 1,164 ( 5.4%) |
| Median Home Value | $340,004 |
| Average Home Value | $401,875 |
Housing Distribution
Address Breakdown
Residential
20,430
Single Family
16,920
Multi-Family
3,510
Businesses
1,579
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Listed by: David Wilson • Carolina's Choice Real Estate
Mls Name: Doorify MLS
Mls ID: #10124261