2924 Tutman CtRaleighNC27614
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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 2924 Tutman Ct, Raleigh, NC, 27614 offers a 10.97% rental yield on a $899,900 purchase with $8,230/mo rent. Total monthly income registers $8,230/mo, and a $4,405/mo payment leaves $2,669/mo available for distribution. Annual cash flow reaches $32,031/yr on $296,067 to close, and return on cash invested stands at 30.88% in year one. Equity gained on principal adds $5,807/yr while 5% annual appreciation supports $248,626 over five years. Portfolio math shows five-year ROI at 161.63% and total cumulative return in cash at $478,528. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,230/mo property income against a $4,405/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
1.47 Acres lot
$N/A/sqft
$910 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27614, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,661 (100%) |
| Owner Occupied HU | 10,125 (69.1%) |
| Renter Occupied HU | 3,739 (25.5%) |
| Vacant Housing Units | 797 ( 5.4%) |
| Median Home Value | $616,769 |
| Average Home Value | $701,271 |
Housing Distribution
Address Breakdown
Residential
14,411
Single Family
11,166
Multi-Family
3,245
Businesses
450
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Listed by: Tina Caul • EXP Realty LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10131801
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.