8437 Hobhouse CirRaleighNC27615
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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 8437 Hobhouse Cir, Raleigh, NC, 27615 generates $2,900/mo in rent and, after a $2,198/mo payment, leaves $163/mo in cash flow. Total monthly income is $2,900/mo, and annual cash flow is $1,958/yr on $148,844 invested. Return on cash invested sits at 21.22% in year one, and rental yield is 7.75% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 109.79% and total cumulative return in cash sums $163,420. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,900/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
5,662 sqft lot
$N/A/sqft
No 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: Rafael Rodriguez • Redfin Corporation
Mls Name: Doorify MLS
Mls ID: #10118812