666 Melbourne 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 666 Melbourne Dr, Raeford, NC, 28376 offers a 8.09% rental yield on a $306,100 purchase with $2,063/mo rent. Total monthly income registers $2,063/mo, and a $1,498/mo payment leaves $198/mo available for distribution. Annual cash flow reaches $2,372/yr on $101,472 to close, and return on cash invested stands at 22.25% in year one. Equity gained on principal adds $1,975/yr while 5% annual appreciation supports $84,570 over five years. Portfolio math shows five-year ROI at 115.25% and total cumulative return in cash at $116,947. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,063/mo property income against a $1,498/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
8,712 sqft 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: TEAM DREAM • DREAM FINDERS REALTY, LLC.
Mls Name: LPRMLS
Mls ID: #749502