292 Magwood 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
Investment property for sale in Raeford at 292 Magwood Dr, Raeford, NC, 28376 with 5% annual appreciation on a $337,500 basis while $2,401/mo rent supports operations. Total monthly income totals $2,401/mo and a $1,652/mo payment preserves $344/mo for cash returns. Annual cash flow comes to $4,128/yr on $111,881 deployed, and return on cash invested reaches 23.6% in year one. Equity gained on principal adds $2,178/yr, and five-year appreciation sums $93,245 alongside rental yield of 8.54%. Five-year ROI measures 122.49% and total cumulative return in cash totals $137,041.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,401/mo property income versus a $1,652/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2018
0.33 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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Listed by: AISLING BONNER • ERA STROTHER REAL ESTATE
Mls Name: LPRMLS
Mls ID: #749224