2323 Turtle Point DrRaleighNC27604
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
Investment Highlights
Rental property for sale in Raleigh at 2323 Turtle Point Dr, Raleigh, NC, 27604 offers $1,816/mo rent that, after a $1,265/mo payment, leaves $95/mo cash flow. Total monthly income is $1,816/mo, and annual cash flow is $1,138/yr on $85,693 cash. Return on cash invested measures 21.24% in year one, and rental yield stands at 8.43% at a $258,500 entry. Equity gained on principal adds $1,668/yr while 5% annual appreciation compounds into $71,419 by year five. Five-year ROI records 110.57% and total cumulative return in cash reaches $94,755. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,816/mo property income versus a $1,265/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1999
2,613 sqft lot
$N/A/sqft
$146 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: Megan Allan • Choice Residential Real Estate
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10072723
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