251 Moorea 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 251 Moorea Dr, Raeford, NC, 28376 priced at $264,900 pairs $2,070/mo rent with $455/mo cash flow after a $1,297/mo payment. Total monthly income equals $2,070/mo, and annual cash flow comes to $5,461/yr on $87,814 invested. Return on cash invested is 26.13% in year one, and rental yield stands at 9.38% on a $264,900 basis. Equity gained on principal adds $1,709/yr, and 5% annual appreciation accumulates to $73,187 by year five. Five-year ROI measures 136.1% and total cumulative return in cash reaches $119,516. For financing, Ziffy Mortgage’s DSCR program evaluates $2,070/mo property income against a $1,297/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
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: STEVE METARELIS • OFFERPAD BROKERAGE
Mls Name: LPRMLS
Mls ID: #748495