8640 Neuse Landing Ln UNIT 105RaleighNC27616
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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 8640 Neuse Landing Ln UNIT 105, Raleigh, NC, 27616 uses $82,875 cash to close to unlock $4,020/yr annual cash flow and $335/mo monthly cash flow. Total monthly income runs $1,859/mo, and a $1,224/mo payment keeps the spread at $335/mo. Purchase price stands at $250,000, and rental yield measures 8.92% with $1,859/mo rent. Return on cash invested shows 24.76% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 128.71% and total cumulative return in cash records $106,666. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,859/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Townhouse
Built in 2002
N/A 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: Carlos A Parks • Versatile Real Estate Group
Mls Name: Doorify MLS
Mls ID: #10141289