109 Stockade CtRaefordNC28376
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
Rental property for sale in Raeford at 109 Stockade Ct, Raeford, NC, 28376 priced at $224,900 converts $1,932/mo rent into $561/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,932/mo, and annual cash flow totals $6,733/yr on $74,554 invested. Return on cash invested prints 28.94% in year one, and rental yield reads 10.31% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 151.22% and total cumulative return in cash sums $112,741. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,932/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.35 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CLIO CARROLL • KELLER WILLIAMS REALTY (PINEHURST)
Mls Name: LPRMLS
Mls Provider:
Mls ID: #744718
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.