369 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
Investment property for sale in Sanford at 369 Manning Dr, Sanford, NC, 27332 uses $121,661 cash to close to unlock $3,859/yr annual cash flow and $322/mo monthly cash flow. Total monthly income runs $2,558/mo, and a $1,796/mo payment keeps the spread at $322/mo. Purchase price stands at $367,000, and rental yield measures 8.36% with $2,558/mo rent. Return on cash invested shows 23.08% in year one, and 5% annual appreciation builds toward $101,395 over five years. Five-year ROI reaches 119.73% and total cumulative return in cash records $145,667. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,558/mo property income covering a $1,796/mo payment rather than investor’s personal income.
Single Family
Built in 2021
0.71 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: Brandie Carol Oldham • Keller Williams Legacy
Mls Name: Doorify MLS
Mls ID: #10144020