2216 Gresham Lake RdRaleighNC27615
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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 2216 Gresham Lake Rd, Raleigh, NC, 27615 earns from $4,414/mo rent with a $4,894/mo payment. Total monthly income totals $4,414/mo. ROI tracks 13.93% on current figures, and rental yield reads 5.3% at a $999,900 purchase. Equity gained on principal adds $6,452/yr, and 5% annual appreciation supports $276,254 over five years. Five-year ROI reaches 70.64% and total cumulative return in cash sums $232,376. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,414/mo property income instead of your personal income.
Single Family
Built in 2011
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27615, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,752 (100%) |
| Owner Occupied HU | 13,070 (66.2%) |
| Renter Occupied HU | 6,101 (30.9%) |
| Vacant Housing Units | 581 ( 2.9%) |
| Median Home Value | $547,143 |
| Average Home Value | $621,510 |
Housing Distribution
Address Breakdown
Residential
19,835
Single Family
15,147
Multi-Family
4,688
Businesses
1,869
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Listed by: Stacey Jacobs • Raleigh Custom Realty, LLC
Mls Name: Doorify MLS
Mls ID: #10112563