2940 Casona WayRaleighNC27616
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2940 Casona Way, Raleigh, NC, 27616 listed at $259,000 pairs $1,818/mo rent with a $1,268/mo payment to leave $239/mo cash flow. Total monthly income runs $1,818/mo, and annual cash flow reaches $2,870/yr on $85,859 cash to close. Return on cash invested measures 23.25% in year one, and rental yield registers 8.42% at a $259,000 basis. Equity gained on principal adds $1,671/yr, and annual property appreciation at 5% supports $71,557 by year five. Five-year ROI tracks 120.69% and total cumulative return in cash totals $103,624. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,818/mo property income relative to a $1,268/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2008
1,306 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Peter Gitto • AMG Realty LLC
Mls Name: Doorify MLS
Mls ID: #10132542