509 Walters Run 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 509 Walters Run Dr, Raeford, NC, 28376 with 5% annual appreciation on a $318,500 basis while $2,476/mo rent supports operations. Total monthly income totals $2,476/mo and a $1,559/mo payment preserves $505/mo for cash returns. Annual cash flow comes to $6,058/yr on $105,583 deployed, and return on cash invested reaches 25.65% in year one. Equity gained on principal adds $2,055/yr, and five-year appreciation sums $87,996 alongside rental yield of 9.33%. Five-year ROI measures 133.6% and total cumulative return in cash totals $141,060.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,476/mo property income versus a $1,559/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
0.57 Acres lot
$N/A/sqft
$360 annually 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: CHARLIZE VEGA • EXP REALTY LLC
Mls Name: LPRMLS
Mls Provider:
Mls ID: #731437
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.