717 E Millbrook RdRaleighNC27609
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 717 E Millbrook Rd, Raleigh, NC, 27609 offers $1,775/mo rent that, after a $1,224/mo payment. Total monthly income is $1,775/mo. Return on cash invested measures 16.37% in year one, and rental yield stands at 8.52% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 86.35% and total cumulative return in cash reaches $71,566. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,775/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
$493 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27609, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,512 (100%) |
| Owner Occupied HU | 8,252 (40.2%) |
| Renter Occupied HU | 10,501 (51.2%) |
| Vacant Housing Units | 1,759 ( 8.6%) |
| Median Home Value | $533,480 |
| Average Home Value | $626,808 |
Housing Distribution
Address Breakdown
Residential
19,413
Single Family
12,136
Multi-Family
7,277
Businesses
2,137
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Nearby investment properties with comparable prices
Listed by: Almaree Gordon • Navigate Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10086961
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