2315 Grant AveRaleighNC27608
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 2315 Grant Ave, Raleigh, NC, 27608 in Raleigh worth study. Rental yield 3.36%. The 3.36% gross yield is below cash-flow benchmarks at $1,825,000, but 5% annual appreciation, adding $504,214 over five years, frames this as a capital growth position. Rent of $5,112/mo partially offsets the $8,206/mo payment. Ziffy Mortgage finances appreciation-play properties (0.62 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $304,478.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.4% | 5.8% |
| Monthly Cash Flow | $(6,010) | $1,850 |
City averages based on Raleigh market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,112 |
| Total Monthly Debt Service | $10,396 |
| DSCR Ratio | 0.49x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Queen • Monarch Realty Co.
Mls Name: Doorify MLS
Mls ID: #10124562