911 Washington St APT 304RaleighNC27605
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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
Total monthly income runs $2,462/mo, and a $1,811/mo payment. Purchase price stands at $370,000, and rental yield measures 7.98% with $2,462/mo rent. Return on cash invested shows 19.02% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 99.03% and total cumulative return in cash records $121,469. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,462/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$285 monthly 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
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Listed by: Kenzie Mayhew • Hodge & Kittrell Sotheby's Int
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10100741
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.