304 Broomside AveRaleighNC27603
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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 304 Broomside Ave, Raleigh, NC, 27603 offers a 5.9% rental yield on a $486,540 purchase with $2,394/mo rent. 66% in year one. Equity gained on principal adds $3,140/yr while 5% annual appreciation supports $134,422 over five years. Portfolio math shows five-year ROI at 79.96% and total cumulative return in cash at $128,970. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,394/mo property income against a $2,381/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: 27603, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,862 (100%) |
| Owner Occupied HU | 14,518 (52.1%) |
| Renter Occupied HU | 11,290 (40.5%) |
| Vacant Housing Units | 2,054 ( 7.4%) |
| Median Home Value | $434,377 |
| Average Home Value | $484,278 |
Housing Distribution
Address Breakdown
Residential
24,605
Single Family
17,831
Multi-Family
6,774
Businesses
1,965
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Listed by: Alex Lilly • Pulte Home Company LLC
Mls Name: Doorify MLS
Mls ID: #10125971