8621 Neuse Club Ln APT 106RaleighNC27616
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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 8621 Neuse Club Ln APT 106, Raleigh, NC, 27616 offers a 10.54% rental yield on a $252,300 purchase with $2,215/mo rent. Total monthly income registers $2,215/mo, and a $1,235/mo payment leaves $510/mo available for distribution. Annual cash flow reaches $6,124/yr on $83,637 to close, and return on cash invested stands at 27.23% in year one. Equity gained on principal adds $1,628/yr while 5% annual appreciation supports $69,706 over five years. Portfolio math shows five-year ROI at 142.9% and total cumulative return in cash at $119,520. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,215/mo property income against a $1,235/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
$152 monthly 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: Dana Ellington • Compass -- Raleigh
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10099742
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.