2408 Stately Oaks DrRaleighNC27614
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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 2408 Stately Oaks Dr, Raleigh, NC, 27614 offers a 7.63% rental yield on a $425,000 purchase with $2,704/mo rent. Total monthly income registers $2,704/mo, and a $2,080/mo payment leaves $114/mo available for distribution. Annual cash flow reaches $1,368/yr on $140,888 to close, and return on cash invested stands at 20.88% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 107.92% and total cumulative return in cash at $152,045. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,704/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27614, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,661 (100%) |
| Owner Occupied HU | 10,125 (69.1%) |
| Renter Occupied HU | 3,739 (25.5%) |
| Vacant Housing Units | 797 ( 5.4%) |
| Median Home Value | $616,769 |
| Average Home Value | $701,271 |
Housing Distribution
Address Breakdown
Residential
14,411
Single Family
11,166
Multi-Family
3,245
Businesses
450
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Listed by: Laura Van Leer Richardson • Relevate Real Estate Inc.
Mls Name: Doorify MLS
Mls ID: #10135901