2904 Stone Gap CtRaleighNC27612
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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 2904 Stone Gap Ct, Raleigh, NC, 27612 listed at $940,000 pairs $4,234/mo rent with a $4,601/mo payment. Total monthly income runs $4,234/mo. Return on cash invested measures 14.16% in year one, and rental yield registers 5.41% at a $940,000 basis. Equity gained on principal adds $6,066/yr, and annual property appreciation at 5% supports $259,705 by year five. Five-year ROI tracks 71.89% and total cumulative return in cash totals $222,342. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,234/mo property income relative to a $4,601/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
0.37 Acres lot
$N/A/sqft
$310 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27612, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,064 (100%) |
| Owner Occupied HU | 9,872 (44.7%) |
| Renter Occupied HU | 10,725 (48.6%) |
| Vacant Housing Units | 1,467 ( 6.6%) |
| Median Home Value | $629,577 |
| Average Home Value | $689,960 |
Housing Distribution
Address Breakdown
Residential
21,208
Single Family
11,826
Multi-Family
9,382
Businesses
1,398
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Listed by: Sharon Webb • Coldwell Banker Advantage
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10121286
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.