2212 Springhill AveRaleighNC27603
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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
Investment property for sale in Raleigh at 2212 Springhill Ave, Raleigh, NC, 27603 uses $122,655 cash to close to unlock $4,644/yr annual cash flow and $387/mo monthly cash flow. Total monthly income runs $2,642/mo, and a $1,811/mo payment keeps the spread at $387/mo. Purchase price stands at $370,000, and rental yield measures 8.57% with $2,642/mo rent. Return on cash invested shows 23.7% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 123% and total cumulative return in cash records $150,869. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,642/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Single Family
Built in 1998
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27603, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,862 (100%) |
| Owner Occupied HU | 14,518 (52.1%) |
| Renter Occupied HU | 11,290 (40.5%) |
| Vacant Housing Units | 2,054 ( 7.4%) |
| Median Home Value | $434,377 |
| Average Home Value | $484,278 |
Housing Distribution
Address Breakdown
Residential
24,605
Single Family
17,831
Multi-Family
6,774
Businesses
1,965
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Listed by: Kesha Anderson • Dahlan Realty LLC
Mls Name: Doorify MLS
Mls ID: #10120749