232 Berry Mill Ln #201RaleighNC27603
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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 232 Berry Mill Ln #201, Raleigh, NC, 27603 uses $200,690 cash to close to unlock $9,516/yr annual cash flow and $793/mo monthly cash flow. Total monthly income runs $4,596/mo, and a $2,986/mo payment keeps the spread at $793/mo. Purchase price stands at $610,000, and rental yield measures 9.04% with $4,596/mo rent. Return on cash invested shows 24.8% in year one, and 5% annual appreciation builds toward $168,532 over five years. Five-year ROI reaches 129.1% and total cumulative return in cash records $259,087. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,596/mo property income covering a $2,986/mo payment rather than investor’s personal income.
Single Family
Built in 2024
6,534 sqft lot
$N/A/sqft
$85 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27603, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,862 (100%) |
| Owner Occupied HU | 14,518 (52.1%) |
| Renter Occupied HU | 11,290 (40.5%) |
| Vacant Housing Units | 2,054 ( 7.4%) |
| Median Home Value | $434,377 |
| Average Home Value | $484,278 |
Housing Distribution
Address Breakdown
Residential
24,605
Single Family
17,831
Multi-Family
6,774
Businesses
1,965
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Listed by: Lisa Gadzinski • Mungo Homes of North Carolina
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10035523
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.