711 E Lenoir St #205RaleighNC27601
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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 711 E Lenoir St #205, Raleigh, NC, 27601 offers a 0% rental yield on a $379,800 purchase with $0/mo rent. 15% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,932 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27601, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,880 (100%) |
| Owner Occupied HU | 1,451 (24.7%) |
| Renter Occupied HU | 3,732 (63.5%) |
| Vacant Housing Units | 697 (11.9%) |
| Median Home Value | $624,684 |
| Average Home Value | $657,493 |
Housing Distribution
Address Breakdown
Residential
5,214
Single Family
3,004
Multi-Family
2,210
Businesses
1,057
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No similar rental properties found nearby.
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Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A