360 Katherine 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 360 Katherine Dr, Sanford, NC, 27332 uses $73,726 cash to close to unlock $10,681/yr annual cash flow and $890/mo monthly cash flow. Total monthly income runs $2,246/mo, and a $1,089/mo payment keeps the spread at $890/mo. Purchase price stands at $222,400, and rental yield measures 12.12% with $2,246/mo rent. Return on cash invested shows 34.4% in year one, and 5% annual appreciation builds toward $61,445 over five years. Five-year ROI reaches 180.47% and total cumulative return in cash records $133,053. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,246/mo property income covering a $1,089/mo payment rather than investor’s personal income.
Single Family
Built in 1999
10.01 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A