609 N Steele StSanfordNC27330
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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 Sanford at 609 N Steele St, Sanford, NC, 27330 uses $53,007 cash to close to unlock $6,397/yr annual cash flow and $533/mo monthly cash flow. Total monthly income runs $1,508/mo, and a $783/mo payment keeps the spread at $533/mo. Purchase price stands at $159,900, and rental yield measures 11.32% with $1,508/mo rent. Return on cash invested shows 31.98% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 167.51% and total cumulative return in cash records $88,794. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,508/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1960
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27330, Sanford, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,198 (100%) |
| Owner Occupied HU | 10,415 (57.2%) |
| Renter Occupied HU | 6,168 (33.9%) |
| Vacant Housing Units | 1,615 ( 8.9%) |
| Median Home Value | $275,559 |
| Average Home Value | $309,420 |
Housing Distribution
Address Breakdown
Residential
16,975
Single Family
14,826
Multi-Family
2,149
Businesses
1,296
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Listed by: ALEX MONTEZ • HORTON REALTY, LLC.
Mls Name: LPRMLS
Mls ID: #756211