304 Manning DrSanfordNC27332
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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 Sanford at 304 Manning Dr, Sanford, NC, 27332 generates $2,480/mo in rent and, after a $1,625/mo payment, leaves $457/mo in cash flow. Total monthly income is $2,480/mo, and annual cash flow is $5,479/yr on $110,058 invested. Return on cash invested sits at 24.89% in year one, and rental yield is 8.96% on a $332,000 entry. Equity gained on principal adds $2,142/yr, while 5% annual appreciation builds toward $91,725 over five years. Five-year ROI reaches 129.44% and total cumulative return in cash sums $142,455. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,480/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
0.39 Acres 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: KEVIN Van Zyl • Kevin Van Zyl
Mls Name: Doorify MLS
Mls ID: #10126780