ZIP CODE 27616 // RALEIGH-CARY, NC // DATA AS OF 2026-09-30
Raleigh, NC (27616) Rental Property Cap Rate & Cash Flow Report
Located in Wake County (Raleigh, NC), Zip Code 27616 ranks #165 of 500 within this selected sample (67th percentile) with a Zillow ZHVI typical home-value index of $348,330 (-3.3% YoY) and a ZORI observed market rent of $1,658/mo (0.0% YoY). Requires at least 50.3% 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
-$667/mo
Annual: -$8,007/yr
Modeled Cap Rate
3.77%
NOI: $13,130/yr
Cash-on-Cash Return
-9.99%
Cash Needed: $80,116
1% Rule Ratio
0.48%
Gross Yield: 5.71%
Break-Even Rent
$2,425/mo
State Tax: 0.70%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 27616 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NC Avg 0.70%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,761/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$564/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (27616)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $319,589 | $1,472/mo | 5.53% |
| 2022 | $393,809 | $1,578/mo | 4.81% |
| 2023 | $378,587 | $1,619/mo | 5.13% |
| 2024 | $379,225 | $1,654/mo | 5.23% |
| 2025 | $360,214 | $1,658/mo | 5.52% |
| 2026 | $348,330 | $1,658/mo | 5.71% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 27703 Durham, NC | $376,573 | $1,805/mo | 3.80% | -$710/mo |
| 28269 Charlotte, NC | $351,379 | $1,835/mo | 4.25% | -$532/mo |
| 28027 Concord, NC | $409,576 | $1,752/mo | 3.27% | -$956/mo |
| 28025 Concord, NC | $339,208 | $1,835/mo | 4.45% | -$458/mo |
| 28173 Waxhaw, NC | $687,851 | $2,637/mo | 2.80% | -$1,872/mo |
| 27713 Durham, NC | $409,919 | $1,544/mo | 2.73% | -$1,139/mo |