ZIP CODE 27610 // RALEIGH-CARY, NC // DATA AS OF 2026-09-30
Raleigh, NC (27610) Rental Property Cap Rate & Cash Flow Report
Located in Wake County (Raleigh, NC), Zip Code 27610 ranks #45 of 500 within this selected sample (91th percentile) with a Zillow ZHVI typical home-value index of $309,065 (-2.6% YoY) and a ZORI observed market rent of $1,890/mo (+0.5% YoY). Requires at least 31.6% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$228/mo
Annual: -$2,730/yr
Modeled Cap Rate
5.18%
NOI: $16,024/yr
Cash-on-Cash Return
-3.84%
Cash Needed: $71,085
1% Rule Ratio
0.61%
Gross Yield: 7.34%
Break-Even Rent
$2,151/mo
State Tax: 0.70%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 27610 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NC Avg 0.70%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,563/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$555/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (27610)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $273,980 | $1,594/mo | 6.98% |
| 2022 | $338,048 | $1,775/mo | 6.30% |
| 2023 | $331,931 | $1,829/mo | 6.61% |
| 2024 | $333,658 | $1,851/mo | 6.66% |
| 2025 | $317,405 | $1,880/mo | 7.11% |
| 2026 | $309,065 | $1,890/mo | 7.34% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 28215 Charlotte, NC | $344,020 | $2,051/mo | 5.02% | -$299/mo |
| 27406 Greensboro, NC | $224,507 | $1,293/mo | 4.81% | -$235/mo |
| 28025 Concord, NC | $339,208 | $1,835/mo | 4.45% | -$458/mo |
| 28269 Charlotte, NC | $351,379 | $1,835/mo | 4.25% | -$532/mo |
| 27703 Durham, NC | $376,573 | $1,805/mo | 3.80% | -$710/mo |
| 27616 Raleigh, NC | $348,330 | $1,658/mo | 3.77% | -$667/mo |