715 Wade AveRaleighNC27605
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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 715 Wade Ave, Raleigh, NC, 27605 priced at $285,000 pairs $1,560/mo rent with after a $1,395/mo payment. Total monthly income equals $1,560/mo. Return on cash invested is 17.66% in year one, and rental yield stands at 6.57% on a $285,000 basis. Equity gained on principal adds $1,839/yr, and 5% annual appreciation accumulates to $78,740 by year five. Five-year ROI measures 90.66% and total cumulative return in cash reaches $85,650. For financing, Ziffy Mortgage’s DSCR program evaluates $1,560/mo property income against a $1,395/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1949
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27605, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,781 (100%) |
| Owner Occupied HU | 1,112 (29.4%) |
| Renter Occupied HU | 2,384 (63.1%) |
| Vacant Housing Units | 285 ( 7.5%) |
| Median Home Value | $698,153 |
| Average Home Value | $733,824 |
Housing Distribution
Address Breakdown
Residential
4,189
Single Family
1,739
Multi-Family
2,450
Businesses
704
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Listed by: Alicia Dixon • RE/MAX United
Mls Name: Doorify MLS
Mls ID: #10130213