724 Powell DrRaleighNC27606
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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 724 Powell Dr, Raleigh, NC, 27606 priced at $624,900 converts $2,928/mo rent into after a $3,059/mo obligation. Total monthly income equals $2,928/mo. Return on cash invested prints 14.92% in year one, and rental yield reads 5.62% against a $624,900 entry. Equity gained on principal adds $4,032/yr, while 5% annual appreciation compiles into $172,648 by year five. Five-year ROI reaches 75.94% and total cumulative return in cash sums $156,125. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,928/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27606, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,087 (100%) |
| Owner Occupied HU | 7,122 (30.8%) |
| Renter Occupied HU | 14,521 (62.9%) |
| Vacant Housing Units | 1,444 ( 6.3%) |
| Median Home Value | $494,047 |
| Average Home Value | $578,737 |
Housing Distribution
Address Breakdown
Residential
21,847
Single Family
13,869
Multi-Family
7,978
Businesses
895
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Listed by: Frank DeRonja • Corcoran DeRonja Real Estate
Mls Name: Doorify MLS
Mls ID: #10127794