2873 Springtooth 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 2873 Springtooth Dr, Raleigh, NC, 27616 offers a 8.58% rental yield on a $419,233 purchase with $2,996/mo rent. Total monthly income registers $2,996/mo, and a $2,052/mo payment leaves $441/mo available for distribution. Annual cash flow reaches $5,291/yr on $138,976 to close, and return on cash invested stands at 23.72% in year one. Equity gained on principal adds $2,705/yr while 5% annual appreciation supports $115,826 over five years. Portfolio math shows five-year ROI at 123.13% and total cumulative return in cash at $171,114. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,996/mo property income against a $2,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
6,534 sqft lot
$N/A/sqft
No 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: L. Calvin Ramsey • Ramsey Realtors Team Inc
Mls Name: Doorify MLS
Mls ID: #10109921