2147 Wake DrRaleighNC27608
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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 2147 Wake Dr, Raleigh, NC, 27608 generates $4,894/mo in rent, after a $5,727/mo payment. Total monthly income is $4,894/mo. Return on cash invested sits at 13.29% in year one, and rental yield is 5.02% on a $1,170,000 entry. Equity gained on principal adds $7,550/yr, while 5% annual appreciation builds toward $323,249 over five years. Five-year ROI reaches 67.11% and total cumulative return in cash sums $254,401. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,894/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27608, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,950 (100%) |
| Owner Occupied HU | 3,873 (65.1%) |
| Renter Occupied HU | 1,716 (28.8%) |
| Vacant Housing Units | 361 ( 6.1%) |
| Median Home Value | $902,954 |
| Average Home Value | $979,755 |
Housing Distribution
Address Breakdown
Residential
5,483
Single Family
5,005
Multi-Family
478
Businesses
319
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Listed by: Susan Dahlin Bashford • Hodge & Kittrell Sotheby's Int
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10103719
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.