2996 Carolina WaySanfordNC27332
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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 Sanford at 2996 Carolina Way, Sanford, NC, 27332 listed at $428,500 pairs $2,836/mo rent with a $2,097/mo payment to leave $225/mo cash flow. Total monthly income runs $2,836/mo, and annual cash flow reaches $2,698/yr on $142,048 cash to close. Return on cash invested measures 21.81% in year one, and rental yield registers 7.94% at a $428,500 basis. Equity gained on principal adds $2,765/yr, and annual property appreciation at 5% supports $118,387 by year five. Five-year ROI tracks 112.89% and total cumulative return in cash totals $160,356. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,836/mo property income relative to a $2,097/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27332, Sanford, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,418 (100%) |
| Owner Occupied HU | 10,638 (69.0%) |
| Renter Occupied HU | 3,663 (23.8%) |
| Vacant Housing Units | 1,117 ( 7.2%) |
| Median Home Value | $281,289 |
| Average Home Value | $304,438 |
Housing Distribution
Address Breakdown
Residential
13,807
Single Family
13,586
Multi-Family
221
Businesses
680
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Listed by: AMANDA STONE • RE/MAX CHOICE
Mls Name: LPRMLS
Mls ID: #749035