831 Raspberry RdStedmanNC28391
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 Stedman at 831 Raspberry Rd, Stedman, NC, 28391 priced at $299,990 converts $2,154/mo rent into $326/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,154/mo, and annual cash flow totals $3,912/yr on $99,447 invested. Return on cash invested prints 23.84% in year one, and rental yield reads 8.62% against a $299,990 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,882 by year five. Five-year ROI reaches 123.85% and total cumulative return in cash sums $123,165. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,154/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 2007
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28391, Stedman, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,583 (100%) |
| Owner Occupied HU | 1,877 (72.7%) |
| Renter Occupied HU | 488 (18.9%) |
| Vacant Housing Units | 218 ( 8.4%) |
| Median Home Value | $246,369 |
| Average Home Value | $247,255 |
Housing Distribution
Address Breakdown
Residential
2,431
Single Family
2,407
Multi-Family
24
Businesses
122
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Listed by: Cassady Caven • EXP Realty LLC Ballantyne
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330834