297 Brownstone 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 297 Brownstone Dr, Raeford, NC, 28376 uses $107,738 cash to close to unlock $5,988/yr annual cash flow and $499/mo monthly cash flow. Total monthly income runs $2,480/mo, and a $1,591/mo payment keeps the spread at $499/mo. Purchase price stands at $325,000, and rental yield measures 9.16% with $2,480/mo rent. Return on cash invested shows 25.47% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 132.52% and total cumulative return in cash records $142,777. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,480/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 2010
0.45 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: IRENA PRICE • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Mls Name: LPRMLS
Mls ID: #746956