2306 Stoney Spring DrRaleighNC27610
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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 2306 Stoney Spring Dr, Raleigh, NC, 27610 uses $92,820 cash to close to unlock $4,800/yr annual cash flow and $400/mo monthly cash flow. Total monthly income runs $2,106/mo, and a $1,370/mo payment keeps the spread at $400/mo. Purchase price stands at $280,000, and rental yield measures 9.03% with $2,106/mo rent. Return on cash invested shows 25.08% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 130.44% and total cumulative return in cash records $121,077. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,106/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Townhouse
Built in 2012
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27610, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,468 (100%) |
| Owner Occupied HU | 17,254 (56.6%) |
| Renter Occupied HU | 11,637 (38.2%) |
| Vacant Housing Units | 1,577 ( 5.2%) |
| Median Home Value | $312,788 |
| Average Home Value | $354,970 |
Housing Distribution
Address Breakdown
Residential
29,432
Single Family
25,146
Multi-Family
4,286
Businesses
1,252
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Listed by: Kelli Meyer • SOLD BUY ME REALTY
Mls Name: Doorify MLS
Mls ID: #10131103