426 Cherry Laurel 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
Rental property for sale in Sanford at 426 Cherry Laurel Dr, Sanford, NC, 27332 priced at $246,490 converts $1,651/mo rent into after a $1,206/mo obligation. Total monthly income equals $1,651/mo. Return on cash invested prints 19.31% in year one, and rental yield reads 8.04% against a $246,490 entry. Equity gained on principal adds $1,591/yr, while 5% annual appreciation compiles into $68,101 by year five. Five-year ROI reaches 100.57% and total cumulative return in cash sums $82,176. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,651/mo property income covering a $1,206/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
1,742 sqft lot
$N/A/sqft
$570 quarterly 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: Janet Nicole Rogers • D.R. Horton, Inc.
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10136521
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.