232 Berry Mill LnRaleighNC27603
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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, Raleigh, NC, 27603 uses $217,140 cash to close to unlock $3,876/yr annual cash flow and $323/mo monthly cash flow. Total monthly income runs $4,345/mo, and a $3,230/mo payment keeps the spread at $323/mo. Purchase price stands at $660,000, and rental yield measures 7.9% with $4,345/mo rent. Return on cash invested shows 21.85% in year one, and 5% annual appreciation builds toward $182,346 over five years. Five-year ROI reaches 113.05% and total cumulative return in cash records $245,481. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,345/mo property income covering a $3,230/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No 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
Mls Name: Mungo Homes, Inc
Mls Provider:
Mls ID: #N/A