420 Gibson 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
Investment property for sale in Raeford at 420 Gibson Dr, Raeford, NC, 28376 uses $94,444 cash to close to unlock $4,321/yr annual cash flow and $360/mo monthly cash flow. Total monthly income runs $2,096/mo, and a $1,394/mo payment keeps the spread at $360/mo. Purchase price stands at $284,900, and rental yield measures 8.83% with $2,096/mo rent. Return on cash invested shows 24.48% in year one, and 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 127.29% and total cumulative return in cash records $120,215. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,096/mo property income covering a $1,394/mo payment rather than investor’s personal income.
Single Family
Built in 2006
0.45 Acres 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: BECKI BOLTON TEAM POWERED BY COLDWELL BANKER ADVANTAGE • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #745431
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.