305 Cherry Laurel DrSanfordNC27332
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 305 Cherry Laurel Dr, Sanford, NC, 27332 earns $390/mo cash flow from $2,017/mo rent with a $1,206/mo payment. Total monthly income totals $2,017/mo, and annual cash flow totals $4,683/yr on $81,711 capital. ROI tracks 25.64% on current figures, and rental yield reads 9.82% at a $246,490 purchase. Equity gained on principal adds $1,591/yr, and 5% annual appreciation supports $68,101 over five years. Five-year ROI reaches 134.17% and total cumulative return in cash sums $109,632. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,017/mo property income instead of your personal income.
Townhouse
Built in 2024
0.70 Acres lot
$N/A/sqft
$125 monthly 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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Nearby investment properties with comparable prices
Listed by: Janice Nesbitt • D.R. Horton, Inc.
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10068047
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