7124 Longstreet DrRaleighNC27615
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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 7124 Longstreet Dr, Raleigh, NC, 27615 offers a 9.22% rental yield on a $178,000 purchase with $1,368/mo rent. Total monthly income registers $1,368/mo, and a $871/mo payment leaves $283/mo available for distribution. Annual cash flow reaches $3,401/yr on $59,007 to close, and return on cash invested stands at 25.67% in year one. Equity gained on principal adds $1,149/yr while 5% annual appreciation supports $49,178 over five years. Portfolio math shows five-year ROI at 133.67% and total cumulative return in cash at $78,877. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,368/mo property income against a $871/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27615, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,752 (100%) |
| Owner Occupied HU | 13,070 (66.2%) |
| Renter Occupied HU | 6,101 (30.9%) |
| Vacant Housing Units | 581 ( 2.9%) |
| Median Home Value | $547,143 |
| Average Home Value | $621,510 |
Housing Distribution
Address Breakdown
Residential
19,835
Single Family
15,147
Multi-Family
4,688
Businesses
1,869
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Listed by: Jason Pittman • Ammons Pittman Property Manage
Mls Name: Doorify MLS
Mls ID: #10111078