312 Burkwood LnRaleighNC27609
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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 312 Burkwood Ln, Raleigh, NC, 27609 priced at $420,000 pairs $2,429/mo rent with after a $2,056/mo payment. Total monthly income equals $2,429/mo. Return on cash invested is 18.78% in year one, and rental yield stands at 6.94% on a $420,000 basis. Equity gained on principal adds $2,710/yr, and 5% annual appreciation accumulates to $116,038 by year five. Five-year ROI measures 96.65% and total cumulative return in cash reaches $134,563. For financing, Ziffy Mortgage’s DSCR program evaluates $2,429/mo property income against a $2,056/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1981
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27609, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,512 (100%) |
| Owner Occupied HU | 8,252 (40.2%) |
| Renter Occupied HU | 10,501 (51.2%) |
| Vacant Housing Units | 1,759 ( 8.6%) |
| Median Home Value | $533,480 |
| Average Home Value | $626,808 |
Housing Distribution
Address Breakdown
Residential
19,413
Single Family
12,136
Multi-Family
7,277
Businesses
2,137
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Listed by: Brooke Fulford • West & Woodall Real Estate - D
Mls Name: Doorify MLS
Mls ID: #10120056