2204 Basil DrRaleighNC27612
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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 2204 Basil Dr, Raleigh, NC, 27612 generates $3,797/mo in rent and, after a $3,025/mo payment, leaves $30/mo in cash flow. Total monthly income is $3,797/mo, and annual cash flow is $365/yr on $203,322 invested. Return on cash invested sits at 20.24% in year one, and rental yield is 7.37% on a $618,000 entry. Equity gained on principal adds $3,988/yr, while 5% annual appreciation builds toward $170,742 over five years. Five-year ROI reaches 104.46% and total cumulative return in cash sums $212,399. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,797/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27612, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,064 (100%) |
| Owner Occupied HU | 9,872 (44.7%) |
| Renter Occupied HU | 10,725 (48.6%) |
| Vacant Housing Units | 1,467 ( 6.6%) |
| Median Home Value | $629,577 |
| Average Home Value | $689,960 |
Housing Distribution
Address Breakdown
Residential
21,208
Single Family
11,826
Multi-Family
9,382
Businesses
1,398
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Listed by: Sharon Webb • Coldwell Banker Advantage
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10100941
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.