7108 Carries Reach WayRaleighNC27614
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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 7108 Carries Reach Way, Raleigh, NC, 27614 priced at $990,000 pairs $4,592/mo rent with after a $4,846/mo payment. Total monthly income equals $4,592/mo. Return on cash invested is 14.32% in year one, and rental yield stands at 5.57% on a $990,000 basis. Equity gained on principal adds $6,388/yr, and 5% annual appreciation accumulates to $273,519 by year five. Five-year ROI measures 72.84% and total cumulative return in cash reaches $237,248. For financing, Ziffy Mortgage’s DSCR program evaluates $4,592/mo property income against a $4,846/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2014
0.95 Acres lot
$N/A/sqft
$117 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27614, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,661 (100%) |
| Owner Occupied HU | 10,125 (69.1%) |
| Renter Occupied HU | 3,739 (25.5%) |
| Vacant Housing Units | 797 ( 5.4%) |
| Median Home Value | $616,769 |
| Average Home Value | $701,271 |
Housing Distribution
Address Breakdown
Residential
14,411
Single Family
11,166
Multi-Family
3,245
Businesses
450
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Listed by: Scott Hoyt • ChangingStreets.Com
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10092899
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.