2311 Grant AveRaleighNC27608
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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 2311 Grant Ave, Raleigh, NC, 27608 offers a 3.36% rental yield on a $1,825,000 purchase with $5,112/mo rent. 17% in year one. Equity gained on principal adds $11,776/yr while 5% annual appreciation supports $504,214 over five years. Portfolio math shows five-year ROI at 39.68% and total cumulative return in cash at $234,612. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,112/mo property income against a $8,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2027
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27608, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,950 (100%) |
| Owner Occupied HU | 3,873 (65.1%) |
| Renter Occupied HU | 1,716 (28.8%) |
| Vacant Housing Units | 361 ( 6.1%) |
| Median Home Value | $902,954 |
| Average Home Value | $979,755 |
Housing Distribution
Address Breakdown
Residential
5,483
Single Family
5,005
Multi-Family
478
Businesses
319
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Listed by: Jason Queen • Monarch Realty Co.
Mls Name: Doorify MLS
Mls ID: #10126270