406 Courtland DrSanfordNC27330
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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 406 Courtland Dr, Sanford, NC, 27330 uses $56,355 cash to close to unlock $6,288/yr annual cash flow and $524/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $832/mo payment keeps the spread at $524/mo. Purchase price stands at $170,000, and rental yield measures 11.01% with $1,560/mo rent. Return on cash invested shows 31.07% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 162.55% and total cumulative return in cash records $91,605. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1950
N/A 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: LESLIE OLDHAM • SMITH GROUP REALTY LLC
Mls Name: LPRMLS
Mls ID: #752028