2821 Corbett Grove DrRaleighNC27616
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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 2821 Corbett Grove Dr, Raleigh, NC, 27616 uses $92,489 cash to close to unlock $3,125/yr annual cash flow and $260/mo monthly cash flow. Total monthly income runs $2,101/mo, and a $1,366/mo payment keeps the spread at $260/mo. Purchase price stands at $279,000, and rental yield measures 9.04% with $2,101/mo rent. Return on cash invested shows 23.29% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 121.53% and total cumulative return in cash records $112,399. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,101/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Townhouse
Built in 2008
1,742 sqft lot
$N/A/sqft
$134 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27616, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,617 (100%) |
| Owner Occupied HU | 14,069 (54.9%) |
| Renter Occupied HU | 10,238 (40.0%) |
| Vacant Housing Units | 1,310 ( 5.1%) |
| Median Home Value | $379,663 |
| Average Home Value | $432,165 |
Housing Distribution
Address Breakdown
Residential
24,762
Single Family
18,978
Multi-Family
5,784
Businesses
1,240
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Listed by: Eddie Cash • Allen Tate/Raleigh-Glenwood
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10100718
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.