308 E Whitaker Mill RdRaleighNC27608
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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
Rental property for sale in Raleigh at 308 E Whitaker Mill Rd, Raleigh, NC, 27608 priced at $500,000 converts $2,550/mo rent into after a $2,447/mo obligation. Total monthly income equals $2,550/mo. Return on cash invested prints 16.31% in year one, and rental yield reads 6.12% against a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 83.41% and total cumulative return in cash sums $138,248. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,550/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1926
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27608, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,950 (100%) |
| Owner Occupied HU | 3,873 (65.1%) |
| Renter Occupied HU | 1,716 (28.8%) |
| Vacant Housing Units | 361 ( 6.1%) |
| Median Home Value | $902,954 |
| Average Home Value | $979,755 |
Housing Distribution
Address Breakdown
Residential
5,483
Single Family
5,005
Multi-Family
478
Businesses
319
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Listed by: Travis Everette • Trav Talks LLC
Mls Name: Doorify MLS
Mls ID: #10129476