3221 Ward Rd, Raleigh, NC, 27604 | $285/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Raleigh at 3221 Ward Rd, Raleigh, NC, 27604 generates $2,254/mo in rent and, after a $1,576/mo payment, leaves $285/mo in cash flow. Total monthly income is $2,254/mo, and annual cash flow is $3,422/yr on $106,743 invested. Return on cash invested sits at 23.11% in year one, and rental yield is 8.4% on a $322,000 entry. Equity gained on principal adds $2,078/yr, while 5% annual appreciation builds toward $88,963 over five years. Five-year ROI reaches 119.98% and total cumulative return in cash sums $128,071. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,254/mo property income rather than buyer’s personal income.

Single Family

Built in 1961

0.28 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 27604, Raleigh, NC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,536 (100%)
Owner Occupied HU	10,043 (46.6%)
Renter Occupied HU	10,329 (48.0%)
Vacant Housing Units	1,164 ( 5.4%)
Median Home Value	$340,004
Average Home Value	$401,875