310 Hickory AveSanfordNC27330
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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 310 Hickory Ave, Sanford, NC, 27330 priced at $319,900 converts $2,812/mo rent into $819/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,812/mo, and annual cash flow totals $9,834/yr on $106,047 invested. Return on cash invested prints 29.18% in year one, and rental yield reads 10.55% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 152.63% and total cumulative return in cash sums $161,864. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,812/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 2023
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27330, Sanford, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,198 (100%) |
| Owner Occupied HU | 10,415 (57.2%) |
| Renter Occupied HU | 6,168 (33.9%) |
| Vacant Housing Units | 1,615 ( 8.9%) |
| Median Home Value | $275,559 |
| Average Home Value | $309,420 |
Housing Distribution
Address Breakdown
Residential
16,975
Single Family
14,826
Multi-Family
2,149
Businesses
1,296
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Listed by: TONYA O'QUINN • RED BLOSSOM REAL ESTATE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #730555
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.