8517 Evans Mill PlRaleighNC27613
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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 8517 Evans Mill Pl, Raleigh, NC, 27613 generates $3,630/mo in rent, after a $3,646/mo payment. Total monthly income is $3,630/mo. Return on cash invested sits at 15.54% in year one, and rental yield is 5.85% on a $745,000 entry. Equity gained on principal adds $4,807/yr, while 5% annual appreciation builds toward $205,830 over five years. Five-year ROI reaches 79.28% and total cumulative return in cash sums $194,324. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,630/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
0.34 Acres lot
$N/A/sqft
$160 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27613, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,131 (100%) |
| Owner Occupied HU | 13,139 (65.3%) |
| Renter Occupied HU | 6,526 (32.4%) |
| Vacant Housing Units | 466 ( 2.3%) |
| Median Home Value | $578,619 |
| Average Home Value | $619,455 |
Housing Distribution
Address Breakdown
Residential
20,069
Single Family
14,392
Multi-Family
5,677
Businesses
501
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Listed by: Colleen Blatz • Allen Tate/Raleigh-Falls Neuse
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10096592
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.