2312 Shannon StRaleighNC27610
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Nearby investment properties with comparable prices
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 2312 Shannon St, Raleigh, NC, 27610 at $315,000 posts ROI 20.07% with $14/mo cash flow from $1,934/mo rent. Total monthly income equals $1,934/mo, and annual cash flow records $168/yr on $104,423 to close. Return on cash invested measures 20.07% and rental yield reads 7.37% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 103.57% and total cumulative return in cash totals $108,149.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,934/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
0.25 Acres 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: Asa Fleming • Allen Tate/Raleigh-Glenwood
Mls Name: Doorify MLS
Mls ID: #10096754