2616 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 2616 Grant Ave, Raleigh, NC, 27608 earns from $3,712/mo rent with a $4,038/mo payment. Total monthly income totals $3,712/mo. ROI tracks 14.24% on current figures, and rental yield reads 5.4% at a $825,000 purchase. Equity gained on principal adds $5,324/yr, and 5% annual appreciation supports $227,932 over five years. Five-year ROI reaches 72.29% and total cumulative return in cash sums $196,209. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,712/mo property income instead of your personal income.
Single Family
Built in 1948
0.30 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: Mary Biathrow • Berkshire Hathaway HomeService
Mls Name: Doorify MLS
Mls ID: #10123759