511 Inverary DrRaefordNC28376
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 Raeford at 511 Inverary Dr, Raeford, NC, 28376 priced at $134,900 converts $1,852/mo rent into $1,030/mo cash flow after a $660/mo obligation. Total monthly income equals $1,852/mo, and annual cash flow totals $12,361/yr on $44,719 invested. Return on cash invested prints 47.55% in year one, and rental yield reads 16.47% against a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation compiles into $37,270 by year five. Five-year ROI reaches 251.04% and total cumulative return in cash sums $112,265. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,852/mo property income covering a $660/mo payment, not borrower’s personal income.
Manufactured
Built in 1991
0.36 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TAMMY PANDURE • CONNELL REAL ESTATE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #728475
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.