2603 Grant AveRaleighNC27608
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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 2603 Grant Ave, Raleigh, NC, 27608 earns from $6,853/mo rent with a $8,614/mo payment. Total monthly income totals $6,853/mo. ROI tracks 12.22% on current figures, and rental yield reads 4.67% at a $1,760,000 purchase. Equity gained on principal adds $11,357/yr, and 5% annual appreciation supports $486,256 over five years. Five-year ROI reaches 61.38% and total cumulative return in cash sums $349,997. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,853/mo property income instead of your personal income.
Single Family
Built in 2025
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27608, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,950 (100%) |
| Owner Occupied HU | 3,873 (65.1%) |
| Renter Occupied HU | 1,716 (28.8%) |
| Vacant Housing Units | 361 ( 6.1%) |
| Median Home Value | $902,954 |
| Average Home Value | $979,755 |
Housing Distribution
Address Breakdown
Residential
5,483
Single Family
5,005
Multi-Family
478
Businesses
319
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Listed by: Rudy Upton • Preston Realty, Inc.
Mls Name: Doorify MLS
Mls ID: #10107717