942 Allen Park DrRaleighNC27604
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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
Rental property for sale in Raleigh at 942 Allen Park Dr, Raleigh, NC, 27604 generates $2,418/mo in rent and, after a $1,703/mo payment, leaves $213/mo in cash flow. Total monthly income is $2,418/mo, and annual cash flow is $2,550/yr on $115,329 invested. Return on cash invested sits at 22.12% in year one, and rental yield is 8.34% on a $347,900 entry. Equity gained on principal adds $2,245/yr, while 5% annual appreciation builds toward $96,118 over five years. Five-year ROI reaches 114.92% and total cumulative return in cash sums $132,531. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,418/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$85 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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Listed by: N/A • N/A
Mls Name: Garman Homes
Mls ID: #N/A