2308 Myron Dr APT 3RaleighNC27607
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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 2308 Myron Dr APT 3, Raleigh, NC, 27607 listed at $235,000 pairs $1,843/mo rent with a $1,150/mo payment to leave $411/mo cash flow. Total monthly income runs $1,843/mo, and annual cash flow reaches $4,932/yr on $77,903 cash to close. Return on cash invested measures 26.24% in year one, and rental yield registers 9.41% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 136.65% and total cumulative return in cash totals $106,456. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,843/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27607, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,974 (100%) |
| Owner Occupied HU | 4,220 (32.5%) |
| Renter Occupied HU | 7,330 (56.5%) |
| Vacant Housing Units | 1,424 (11.0%) |
| Median Home Value | $729,137 |
| Average Home Value | $791,211 |
Housing Distribution
Address Breakdown
Residential
11,489
Single Family
6,919
Multi-Family
4,570
Businesses
1,108
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Listed by: Kathleen Carlton • Keller Williams Legacy
Mls Name: Doorify MLS
Mls ID: #10139229