3306 Storybook LnRaleighNC27614
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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 3306 Storybook Ln, Raleigh, NC, 27614 generates $5,671/mo in rent, after a $6,167/mo payment. Total monthly income is $5,671/mo. Return on cash invested sits at 14.23% in year one, and rental yield is 5.4% on a $1,259,990 entry. Equity gained on principal adds $8,131/yr, while 5% annual appreciation builds toward $348,112 over five years. Five-year ROI reaches 72.24% and total cumulative return in cash sums $294,918. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,671/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.30 Acres lot
$N/A/sqft
$82 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27614, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,661 (100%) |
| Owner Occupied HU | 10,125 (69.1%) |
| Renter Occupied HU | 3,739 (25.5%) |
| Vacant Housing Units | 797 ( 5.4%) |
| Median Home Value | $616,769 |
| Average Home Value | $701,271 |
Housing Distribution
Address Breakdown
Residential
14,411
Single Family
11,166
Multi-Family
3,245
Businesses
450
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Listed by: Stacey Horowitz • Long & Foster Real Estate INC/Raleigh
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10104751
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.