000 S Plank Rd LOT 2SanfordNC27330
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Sanford at 000 S Plank Rd LOT 2, Sanford, NC, 27330 priced at $837,420 converts $2,394/mo rent into after a $4,099/mo obligation. Total monthly income equals $2,394/mo. Return on cash invested prints 8.26% in year one, and rental yield reads 3.43% against a $837,420 entry. Equity gained on principal adds $5,404/yr, while 5% annual appreciation compiles into $231,364 by year five. Five-year ROI reaches 40.21% and total cumulative return in cash sums $110,792. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,394/mo property income covering a $4,099/mo payment, not borrower’s personal income.
Single Family
Built in 2026
44.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27330, Sanford, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,198 (100%) |
| Owner Occupied HU | 10,415 (57.2%) |
| Renter Occupied HU | 6,168 (33.9%) |
| Vacant Housing Units | 1,615 ( 8.9%) |
| Median Home Value | $275,559 |
| Average Home Value | $309,420 |
Housing Distribution
Address Breakdown
Residential
16,975
Single Family
14,826
Multi-Family
2,149
Businesses
1,296
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Listed by: Brenda Sue Harrison • Choice Residential Real Estate
Mls Name: Doorify MLS
Mls ID: #10137059