7408 Sandy Creek 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
Rental property for sale in Raleigh at 7408 Sandy Creek Dr, Raleigh, NC, 27615 offers $1,657/mo rent that, after a $1,072/mo payment. Total monthly income is $1,657/mo. Return on cash invested measures 19.82% in year one, and rental yield stands at 9.08% at a $219,000 entry. Equity gained on principal adds $1,413/yr while 5% annual appreciation compounds into $60,506 by year five. Five-year ROI records 104.21% and total cumulative return in cash reaches $75,657. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,657/mo property income versus a $1,072/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A lot
$N/A/sqft
$300 monthly 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: Dona Aguayo • Keller Williams Elite Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10094390
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.