7940 Averette Hill DrRaleighNC27616
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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
Investment property for sale in Raleigh at 7940 Averette Hill Dr, Raleigh, NC, 27616 listed at $269,000 pairs $1,903/mo rent with a $1,317/mo payment to leave $263/mo cash flow. Total monthly income runs $1,903/mo, and annual cash flow reaches $3,158/yr on $89,174 cash to close. Return on cash invested measures 23.45% in year one, and rental yield registers 8.49% at a $269,000 basis. Equity gained on principal adds $1,736/yr, and annual property appreciation at 5% supports $74,320 by year five. Five-year ROI tracks 121.77% and total cumulative return in cash totals $108,587. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,903/mo property income relative to a $1,317/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2006
1,742 sqft lot
$N/A/sqft
No 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: Tim Edwards • Coldwell Banker HPW
Mls Name: Doorify MLS
Mls ID: #10121748