387 Fountain Grove DrRaefordNC28376
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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 Raeford at 387 Fountain Grove Dr, Raeford, NC, 28376 generates $2,374/mo in rent and, after a $1,786/mo payment, leaves $150/mo in cash flow. Total monthly income is $2,374/mo, and annual cash flow is $1,800/yr on $120,998 invested. Return on cash invested sits at 21.4% in year one, and rental yield is 7.8% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 110.68% and total cumulative return in cash sums $133,915. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,374/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28376, Raeford, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,272 (100%) |
| Owner Occupied HU | 11,666 (63.8%) |
| Renter Occupied HU | 5,298 (29.0%) |
| Vacant Housing Units | 1,308 ( 7.2%) |
| Median Home Value | $233,259 |
| Average Home Value | $252,718 |
Housing Distribution
Address Breakdown
Residential
17,977
Single Family
16,594
Multi-Family
1,383
Businesses
888
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Listed by: Sardavia Latrice Williams • Agent Group Realty
Mls Name: Doorify MLS
Mls ID: #10139115