2321 Turtle Point DrRaleighNC27604
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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 2321 Turtle Point Dr, Raleigh, NC, 27604 listed at $249,500 pairs $1,834/mo rent with a $1,221/mo payment to leave $152/mo cash flow. Total monthly income runs $1,834/mo, and annual cash flow reaches $1,819/yr on $82,709 cash to close. Return on cash invested measures 22.11% in year one, and rental yield registers 8.82% at a $249,500 basis. Equity gained on principal adds $1,610/yr, and annual property appreciation at 5% supports $68,932 by year five. Five-year ROI tracks 115.38% and total cumulative return in cash totals $95,433. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,834/mo property income relative to a $1,221/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1999
1,742 sqft lot
$N/A/sqft
$162 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27604, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,536 (100%) |
| Owner Occupied HU | 10,043 (46.6%) |
| Renter Occupied HU | 10,329 (48.0%) |
| Vacant Housing Units | 1,164 ( 5.4%) |
| Median Home Value | $340,004 |
| Average Home Value | $401,875 |
Housing Distribution
Address Breakdown
Residential
20,430
Single Family
16,920
Multi-Family
3,510
Businesses
1,579
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Nearby investment properties with comparable prices
Listed by: Amanda Kramer • eXp Realty, LLC - C
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10074059
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