911 Washington St APT 301RaleighNC27605
Nearby investment properties with comparable rents
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
Total monthly income runs $2,221/mo, and a $1,884/mo payment. Purchase price stands at $385,000, and rental yield measures 6.92% with $2,221/mo rent. Return on cash invested shows 18.73% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 96.4% and total cumulative return in cash records $123,034. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,221/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27605, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,781 (100%) |
| Owner Occupied HU | 1,112 (29.4%) |
| Renter Occupied HU | 2,384 (63.1%) |
| Vacant Housing Units | 285 ( 7.5%) |
| Median Home Value | $698,153 |
| Average Home Value | $733,824 |
Housing Distribution
Address Breakdown
Residential
4,189
Single Family
1,739
Multi-Family
2,450
Businesses
704
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Miller Minton • Hodge & Kittrell Sotheby's Int
Mls Name: Doorify MLS
Mls ID: #10127933