Franklin Plan, Watkins GroveRaleighNC27616
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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 Franklin Plan, Watkins Grove, Raleigh, NC, 27616 priced at $467,990 pairs $3,125/mo rent with $272/mo cash flow after a $2,291/mo payment. Total monthly income equals $3,125/mo, and annual cash flow comes to $3,269/yr on $155,139 invested. Return on cash invested is 22.02% in year one, and rental yield stands at 8.01% on a $467,990 basis. Equity gained on principal adds $3,020/yr, and 5% annual appreciation accumulates to $129,297 by year five. Five-year ROI measures 114.03% and total cumulative return in cash reaches $176,906. For financing, Ziffy Mortgage’s DSCR program evaluates $3,125/mo property income against a $2,291/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27616, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,617 (100%) |
| Owner Occupied HU | 14,069 (54.9%) |
| Renter Occupied HU | 10,238 (40.0%) |
| Vacant Housing Units | 1,310 ( 5.1%) |
| Median Home Value | $379,663 |
| Average Home Value | $432,165 |
Housing Distribution
Address Breakdown
Residential
24,762
Single Family
18,978
Multi-Family
5,784
Businesses
1,240
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Listed by: N/A • Beazer Homes
Mls Name: Beazer Homes
Mls Provider:
Mls ID: #N/A