101 Horace CtRaefordNC28376
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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 Raeford at 101 Horace Ct, Raeford, NC, 28376 priced at $229,999 pairs $1,986/mo rent with $584/mo cash flow after a $1,126/mo payment. Total monthly income equals $1,986/mo, and annual cash flow comes to $7,008/yr on $76,245 invested. Return on cash invested is 29.1% in year one, and rental yield stands at 10.36% on a $229,999 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,544 by year five. Five-year ROI measures 152% and total cumulative return in cash reaches $115,890. For financing, Ziffy Mortgage’s DSCR program evaluates $1,986/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28376, Raeford, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,272 (100%) |
| Owner Occupied HU | 11,666 (63.8%) |
| Renter Occupied HU | 5,298 (29.0%) |
| Vacant Housing Units | 1,308 ( 7.2%) |
| Median Home Value | $233,259 |
| Average Home Value | $252,718 |
Housing Distribution
Address Breakdown
Residential
17,977
Single Family
16,594
Multi-Family
1,383
Businesses
888
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Listed by: KEOSHA BROWN • TALENTED 10TH PROPERTIES
Mls Name: LPRMLS
Mls ID: #755082