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Values jump to $453K, Rent at $2,490
Updated today • 9 new comps
Your Investment Paths
Turnkey Rental
The property at 2214 Lazy River Drive shows solid rental potential with projected monthly income ranging between $2,280 and $2,490. These figures reflect a competitive market demand for spacious four-bedroom single-family homes in Raleigh. Investors can anticipate an estimated annual yield of approximately 7.41%. This suggests the property is well-positioned for consistent rental returns, making it an attractive option for those looking to build steady cash flow in this area.
More about this home
Neighborhood Assessment
Edgewater in Northeast Raleigh is a quiet, suburban-feeling neighborhood with mostly mid‑2000s single‑family homes, sidewalks, playground and community pool. You’re 15–20 minutes from downtown and big job centers, so renters and buyers looking for space but easy city access will always sniff around here. Nearby comps in the mid‑$360K–$415K range suggest a stable, mid-tier area with steady long‑term appreciation. Schools are mixed—solid Beaverdam Elementary, weaker middle and high options—so the strongest demand will be from value‑focused families and investors rather than “top‑schools‑only” buyers.
Market Activity
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Rental Income
$29K
Yield
7.4%
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting the price per square foot from 177 dollars to 186 dollars—a 5 percent increase. These updates create a fresh, appealing space that helps your property truly stand out. Refreshing your property offers an excellent return, potentially increasing your selling price by thousands while boosting rental income. Investing in these quality improvements is a smart way to modernize your lifestyle and capture greater market interest.
Value Add
$23K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid potential for value growth, with post-renovation values reaching up to $495,000. Leveraging a rehab strategy can effectively boost the property’s market position above the $413,625 average for recently updated local homes. Projected rental income hits a stable $2,317 monthly, providing a 5.9% yield. While the margin is moderate, this 2004-built home offers a reliable path toward long-term cash flow and equity appreciation in this market.
Rental Income
$28K
Yield
5.9%
Year 1 Estimates, Post Typical Renovation
Estimated value
$386K
$8.5K over comp median
Comparative Market Analysis
$228K – $723K
~32 days to sell
Based on 8 comps
2214 Lazy River Drive, Raleigh Investment Report: Flip & Rental Analysis · Frontflip