278 Exeter 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 278 Exeter Dr, Raeford, NC, 28376 generates $3,258/mo in rent and, after a $1,933/mo payment, leaves $851/mo in cash flow. Total monthly income is $3,258/mo, and annual cash flow is $10,212/yr on $130,943 invested. Return on cash invested sits at 27.71% in year one, and rental yield is 9.9% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 144.53% and total cumulative return in cash sums $189,246. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,258/mo property income rather than buyer’s personal income.
Single Family
Built in 2012
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: MATTHEW PIERCE • MAVERICK LEE REALTY
Mls Name: LPRMLS
Mls ID: #754851