51 Casablanca CtSanfordNC27332
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
Investment property for sale in Sanford at 51 Casablanca Ct, Sanford, NC, 27332 uses $157,131 cash to close to unlock $1,202/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $2,989/mo, and a $2,320/mo payment keeps the spread at $100/mo. Purchase price stands at $474,000, and rental yield measures 7.57% with $2,989/mo rent. Return on cash invested shows 20.67% in year one, and 5% annual appreciation builds toward $130,957 over five years. Five-year ROI reaches 106.84% and total cumulative return in cash records $167,885. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,989/mo property income covering a $2,320/mo payment rather than investor’s personal income.
Single Family
Built in 2012
0.33 Acres lot
$N/A/sqft
No 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: DEBRA BUSSEY • CAROLINA LAKES LAKESIDE REALTY
Mls Name: LPRMLS
Mls ID: #746801