2406 Stevens RdRaleighNC27610
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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 2406 Stevens Rd, Raleigh, NC, 27610 earns $66/mo cash flow from $2,003/mo rent with a $1,542/mo payment. Total monthly income totals $2,003/mo, and annual cash flow totals $788/yr on $104,423 capital. ROI tracks 20.66% on current figures, and rental yield reads 7.63% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 106.84% and total cumulative return in cash sums $111,569. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,003/mo property income instead of your personal income.
Single Family
Built in 1956
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27610, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,468 (100%) |
| Owner Occupied HU | 17,254 (56.6%) |
| Renter Occupied HU | 11,637 (38.2%) |
| Vacant Housing Units | 1,577 ( 5.2%) |
| Median Home Value | $312,788 |
| Average Home Value | $354,970 |
Housing Distribution
Address Breakdown
Residential
29,432
Single Family
25,146
Multi-Family
4,286
Businesses
1,252
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Listed by: Todd Hancock • Hodge & Kittrell Sotheby's Int
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10121337
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.