247 Heartwood DrRaefordNC28376
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
Investment property for sale in Raeford at 247 Heartwood Dr, Raeford, NC, 28376 at $234,900 posts ROI 27.18% with $472/mo cash flow from $1,904/mo rent. Total monthly income equals $1,904/mo, and annual cash flow records $5,665/yr on $77,869 to close. Return on cash invested measures 27.18% and rental yield reads 9.73% at the current $234,900. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,899 by year five. Five-year ROI prints 141.8% and total cumulative return in cash totals $110,421.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,904/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1999
0.44 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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Nearby investment properties with comparable prices
Listed by: Jacqueline Shaffer • Offerpad Brokerage LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10062825
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