Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
12660 Boyce Mill Rd, Raleigh, NC 27613, US
Copied

$3,901,400
BiggerPockets estimate

Off Market
12660 Boyce Mill Rd, Raleigh, NC 27613
7 Beds
9.5 Baths
13,746 Square Feet
14.04 Acres Lot
Built in 1998
Off Market
Units n/a
Checked: 5 months ago
Updated: May 08, 2025 at 10:53PM

Investment Summary


Monthly Cash Flow
-$17,889
Cap Rate
0.2%
Cash-on-Cash Return
-23.9%
Debt Coverage Ratio
0.03
Internal Rate of Return (5 years)
-19.1%

Property Description


14.04 Acres Lot
Built in 1998
Off Market
Units n/a

This property is not currently listed for sale or rent on BiggerPockets. The details below may have been provided by the owner, a third party, or public records.

Located at 12660 Boyce Mill Rd, Raleigh, NC (ZIP code 27613) this single family residence features 7 bedrooms, 9.5 bathrooms and approximately 13,746 square feet of living space. The property sits on a 14.04 acre lot and was built in 1998.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Additional Parking, Garage Door Opener, Golf Cart Garage, RV Access/Parking
  • Garage Spaces: 11
  • Spaces Total: 11

Bedroom Information

  • # of Bedrooms: 7

Bathroom Information

  • # of Baths (Full): 8
  • # of Baths (Partial): 3
  • # of Baths (Total): 9.5

Interior Features

  • # of Rooms: 26
  • Basement: Yes
  • Basement Description: Daylight, Finished, Full, Heated, Partial, Unfinished, Workshop
  • Fireplace: Yes

Exterior Features

  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: General - Single

Lot Information

  • Parcel ID: 195283
  • Lot Size: 611582 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1998

Tax Information

  • Annual Tax: $19,609

Utilities

  • Heating: Central
  • Cooling: Central Air

Location

  • County: Durham

Investment Summary


Monthly Cash Flow
-$17,889
Cap Rate
0.2%
Cash-on-Cash Return
-23.9%
Debt Coverage Ratio
0.03
Internal Rate of Return (5 years)
-19.1%

Purchase Details

Find an Agent

Purchase price:
$3,901,400
Amount financed:
-$3,121,120
Down payment:
$780,280
Closing costs:
$117,042
Rehab costs:
$0
Initial cash invested:
$897,322
Square feet:
13,746
Cost per square foot:
$284
Monthly rent per square foot:
$0.23

Financing Details

Find a Lender

Loan amount:
$3,121,120
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$18,463
Property tax:
$1,634
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$20,321

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (51%)
51%-$1,634-$19,610
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (76%)
76%-$2,434-$29,210

Cash Flow


Monthly Yearly
Net operating income:
$574 $6,888
Mortgage payments:
-$18,463 -$221,556
Cash flow:
$17,889 $214,668