5594 Calloway RdRaefordNC28376
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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
Rental property for sale in Raeford at 5594 Calloway Rd, Raeford, NC, 28376 priced at $172,500 converts $880/mo rent into after a $844/mo obligation. Total monthly income equals $880/mo. Return on cash invested prints 16.32% in year one, and rental yield reads 6.12% against a $172,500 entry. Equity gained on principal adds $1,113/yr, while 5% annual appreciation compiles into $47,659 by year five. Five-year ROI reaches 83.48% and total cumulative return in cash sums $47,738. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $880/mo property income covering a $844/mo payment, not borrower’s personal income.
Manufactured
Built in 1999
1.68 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: CIARA WIGGINTON • CAROLINA SUMMIT GROUP #2
Mls Name: LPRMLS
Mls Provider:
Mls ID: #744460
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.