Raleigh, NC — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
2.4%
Below average
Monthly Cash Flow
-$1,712
After all expenses
Price-to-Rent
20.3
Overpriced for rent
DSCR
0.37
Fails
📊 Key Metrics
- Median Home Price
- $508,401
- Average Rent (3BR)
- $2,090/mo
- Price-to-Rent Ratio
- 20.3(high)
- 1% Rule
- 0.41%(fails — need 1%+)
- Cash-on-Cash Return
- -17.6%
- Vacancy Rate
- 8.0%
📈 Market Strength
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →📈 Population Movement (Tax Year 2021→2022)
Net Migration
+2,786 households
GROWING
Total Inflow
25,556
households moved in
Avg Income (New Residents)
$84,287
per household
Where they're coming from:
1.Cabarrus, NC2,173 households · avg $71,958
2.York, SC1,388 households · avg $70,630
3.Gaston, NC1,346 households · avg $56,897
4.Guilford, NC805 households · avg $55,779
5.Forsyth, NC498 households · avg $67,996
Where residents are leaving to:
1.Cabarrus, NC3,236 households
2.Gaston, NC2,604 households
3.York, SC2,272 households
4.Lancaster, SC986 households
5.Guilford, NC545 households
💡 Strong net inflow suggests growing rental demand and upward pressure on rents.
🏘️ Best Zip Codes in Raleigh for Investors
All Zip Codes in Raleigh
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 27604 | 4.0% | -$692 | $343,658 | $1,980/mo | 0.62 |
| 27605 | 3.8% | -$876 | $408,705 | $2,290/mo | 0.60 |
| 27610 | 3.8% | -$688 | $319,851 | $1,790/mo | 0.60 |
| 27616 | 3.6% | -$835 | $358,815 | $1,930/mo | 0.56 |
| 27617 | 3.6% | -$1,044 | $443,292 | $2,370/mo | 0.56 |
| 27617 | 3.6% | -$1,044 | $443,292 | $2,370/mo | 0.56 |
| 27606 | 2.7% | -$1,349 | $441,136 | $1,980/mo | 0.43 |
| 27603 | 2.6% | -$1,316 | $416,793 | $1,820/mo | 0.41 |
| 27601 | 2.4% | -$1,712 | $508,401 | $2,090/mo | 0.37 |
| 27615 | 2.3% | -$1,876 | $548,507 | $2,220/mo | 0.36 |
| 27612 | 2.2% | -$2,006 | $577,519 | $2,300/mo | 0.35 |
| 27609 | 1.9% | -$2,087 | $559,144 | $2,050/mo | 0.30 |
| 27613 | 1.9% | -$2,237 | $597,200 | $2,180/mo | 0.30 |
| 27613 | 1.9% | -$2,237 | $597,200 | $2,180/mo | 0.30 |
| 27614 | 1.5% | -$2,792 | $686,791 | $2,240/mo | 0.24 |
| 27607 | 1.1% | -$3,138 | $716,282 | $2,060/mo | 0.18 |
| 27608 | 0.2% | -$5,342 | $1,040,925 | $2,040/mo | 0.04 |