801 New Bern Ave #102RaleighNC27601
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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 801 New Bern Ave #102, Raleigh, NC, 27601 listed at $499,000 pairs $3,602/mo rent with a $2,442/mo payment to leave $561/mo cash flow. Total monthly income runs $3,602/mo, and annual cash flow reaches $6,734/yr on $165,419 cash to close. Return on cash invested measures 23.98% in year one, and rental yield registers 8.66% at a $499,000 basis. Equity gained on principal adds $3,220/yr, and annual property appreciation at 5% supports $137,865 by year five. Five-year ROI tracks 124.57% and total cumulative return in cash totals $206,058. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,602/mo property income relative to a $2,442/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27601, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,880 (100%) |
| Owner Occupied HU | 1,451 (24.7%) |
| Renter Occupied HU | 3,732 (63.5%) |
| Vacant Housing Units | 697 (11.9%) |
| Median Home Value | $624,684 |
| Average Home Value | $657,493 |
Housing Distribution
Address Breakdown
Residential
5,214
Single Family
3,004
Multi-Family
2,210
Businesses
1,057
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Listed by: Matt Marino • Redfin Corporation
Mls Name: Doorify MLS
Mls ID: #10128642