116 N Wright StRaefordNC28376
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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
Investment property for sale in Raeford at 116 N Wright St, Raeford, NC, 28376 listed at $129,900 pairs $974/mo rent with a $636/mo payment to leave $182/mo cash flow. Total monthly income runs $974/mo, and annual cash flow reaches $2,185/yr on $43,062 cash to close. Return on cash invested measures 24.98% in year one, and rental yield registers 9% at a $129,900 basis. Equity gained on principal adds $838/yr, and annual property appreciation at 5% supports $35,889 by year five. Five-year ROI tracks 130.04% and total cumulative return in cash totals $55,999. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $974/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
N/A 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: JEREMY HOLLINGSWORTH • HOLLINGSWORTH REAL ESTATE LLC.
Mls Name: LPRMLS
Mls ID: #746256