404 Provincial StRaleighNC27603
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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 404 Provincial St, Raleigh, NC, 27603 priced at $309,000 pairs $2,278/mo rent with $395/mo cash flow after a $1,512/mo payment. Total monthly income equals $2,278/mo, and annual cash flow comes to $4,742/yr on $102,434 invested. Return on cash invested is 24.54% in year one, and rental yield stands at 8.85% on a $309,000 basis. Equity gained on principal adds $1,994/yr, and 5% annual appreciation accumulates to $85,371 by year five. Five-year ROI measures 127.58% and total cumulative return in cash reaches $130,685. For financing, Ziffy Mortgage’s DSCR program evaluates $2,278/mo property income against a $1,512/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2013
1,306 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: Will Fitzgerald • Raleigh Realty Inc.
Mls Name: Doorify MLS
Mls ID: #10129189