164 Ziggy Way Lot 3 DrRaefordNC28376
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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 164 Ziggy Way Lot 3 Dr, Raeford, NC, 28376 offers $2,515/mo rent that, after a $1,600/mo payment, leaves $491/mo cash flow. Total monthly income is $2,515/mo, and annual cash flow is $5,898/yr on $108,367 cash. Return on cash invested measures 25.35% in year one, and rental yield stands at 9.23% at a $326,900 entry. Equity gained on principal adds $2,109/yr while 5% annual appreciation compounds into $90,316 by year five. Five-year ROI records 132.04% and total cumulative return in cash reaches $143,085. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,515/mo property income versus a $1,600/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$375 annually 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: TEAM ELITE POWERED BY COLDWELL BANKER ADVANTAGE • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #727724
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.