2360 Thomas Kelly RdSanfordNC27330
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 2360 Thomas Kelly Rd, Sanford, NC, 27330 in Sanford is listed at $274,900 and delivers $1,993/mo in rent and $318/mo in net monthly cash flow. The 8.7% yield and 1.61 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $75,950 over five years, and $2,532/yr in principal reduction supplements cash return. Total projected cumulative return: $124,626.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.8% |
| Monthly Cash Flow | $318 | $450 |
City averages based on Sanford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,993 |
| Total Monthly Debt Service | $1,566 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1993
5.01 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
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
Manufactured
Built in 1993
5.01 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: CHRIS TACIA • COLDWELL BANKER ADVANTAGE #5 (SANFORD)
Mls Name: LPRMLS
Mls Provider:
Mls ID: #742662
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.