1008 S 7th StSanfordNC27330
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Sanford at 1008 S 7th St, Sanford, NC, 27330 uses $74,588 cash to close to unlock $480/yr annual cash flow and $40/mo monthly cash flow. Total monthly income runs $1,411/mo, and a $1,101/mo payment keeps the spread at $40/mo. Purchase price stands at $225,000, and rental yield measures 7.53% with $1,411/mo rent. Return on cash invested shows 20.55% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 106.13% and total cumulative return in cash records $79,161. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,411/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1947
0.26 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: EVAN MASON PRESLEY • SANFORD REAL ESTATE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #742045
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.