901 Canenaugh Dr APT 304RaleighNC27604
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Nearby investment properties with comparable prices
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 901 Canenaugh Dr APT 304, Raleigh, NC, 27604 uses $80,389 cash to close to unlock $0/yr annual cash flow and $0/mo monthly cash flow. Total monthly income runs $1,698/mo, and a $1,187/mo payment. Purchase price stands at $242,500, and rental yield measures 8.4% with $1,698/mo rent. Return on cash invested shows 19.91% in year one, and 5% annual appreciation builds toward $66,998 over five years. Five-year ROI reaches 103.89% and total cumulative return in cash records $83,515. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,698/mo property income covering a $1,187/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$220 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27604, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,536 (100%) |
| Owner Occupied HU | 10,043 (46.6%) |
| Renter Occupied HU | 10,329 (48.0%) |
| Vacant Housing Units | 1,164 ( 5.4%) |
| Median Home Value | $340,004 |
| Average Home Value | $401,875 |
Housing Distribution
Address Breakdown
Residential
20,430
Single Family
16,920
Multi-Family
3,510
Businesses
1,579
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Nearby investment properties with comparable prices
Listed by: Darren Brubacher • Better Homes & Gardens Real Es
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10070714
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