8253 Merriweather CirRaleighNC27616
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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 8253 Merriweather Cir, Raleigh, NC, 27616 uses $69,284 cash to close to unlock $3,578/yr annual cash flow and $298/mo monthly cash flow. Total monthly income runs $1,572/mo, and a $1,023/mo payment keeps the spread at $298/mo. Purchase price stands at $209,000, and rental yield measures 9.03% with $1,572/mo rent. Return on cash invested shows 25.07% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 130.47% and total cumulative return in cash records $90,398. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,572/mo property income covering a $1,023/mo payment rather than investor’s personal income.
Townhouse
Built in 1994
2,178 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: Nicholas Huscroft • Chosen Real Estate Group
Mls Name: Doorify MLS
Mls ID: #10142642