7660 Channery WayRaleighNC27616
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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 7660 Channery Way, Raleigh, NC, 27616 priced at $564,999 converts $2,869/mo rent into after a $2,765/mo obligation. Total monthly income equals $2,869/mo. Return on cash invested prints 15.97% in year one, and rental yield reads 6.09% against a $564,999 entry. Equity gained on principal adds $3,646/yr, while 5% annual appreciation compiles into $156,099 by year five. Five-year ROI reaches 81.67% and total cumulative return in cash sums $151,815. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,869/mo property income covering a $2,765/mo payment, not borrower’s personal income.
Single Family
Built in 2015
0.28 Acres lot
$N/A/sqft
$60 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27616, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,617 (100%) |
| Owner Occupied HU | 14,069 (54.9%) |
| Renter Occupied HU | 10,238 (40.0%) |
| Vacant Housing Units | 1,310 ( 5.1%) |
| Median Home Value | $379,663 |
| Average Home Value | $432,165 |
Housing Distribution
Address Breakdown
Residential
24,762
Single Family
18,978
Multi-Family
5,784
Businesses
1,240
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Listed by: Adam Grossman • GROSSMAN REAL ESTATE GROUP LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10094799
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.