734 W Prospect AveRaefordNC28376
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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 734 W Prospect Ave, Raeford, NC, 28376 earns $188/mo cash flow from $1,431/mo rent with a $998/mo payment. Total monthly income totals $1,431/mo, and annual cash flow totals $2,258/yr on $67,626 capital. ROI tracks 23.25% on current figures, and rental yield reads 8.42% at a $204,000 purchase. Equity gained on principal adds $1,316/yr, and 5% annual appreciation supports $56,361 over five years. Five-year ROI reaches 120.69% and total cumulative return in cash sums $81,616. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,431/mo property income instead of your personal income.
Single Family
Built in 1951
N/A 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: MEGAN DONOVAN WRIGHT • DONOVAN PROPERTIES
Mls Name: LPRMLS
Mls Provider:
Mls ID: #742185
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.