1100-602 Clarendon St #602FayettevilleNC28305
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1100-602 Clarendon St #602, Fayetteville, NC, 28305 in Fayetteville: $1,373/mo in rent, $584/mo net, 12.72% gross yield, all on a $129,500 acquisition. The 2.36 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $35,778 in value, and $1,193/yr in principal paydown steadily builds equity. Projected total cumulative return: $86,660.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.7% | 7.2% |
| Monthly Cash Flow | $584 | $850 |
City averages based on Fayetteville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,373 |
| Total Monthly Debt Service | $738 |
| DSCR Ratio | 1.86x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28305, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,320 (100%) |
| Owner Occupied HU | 1,631 (49.1%) |
| Renter Occupied HU | 1,340 (40.4%) |
| Vacant Housing Units | 349 (10.5%) |
| Median Home Value | $329,521 |
| Average Home Value | $386,757 |
Housing Distribution
Address Breakdown
Residential
3,264
Single Family
2,712
Multi-Family
552
Businesses
682
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
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28305, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,320 (100%) |
| Owner Occupied HU | 1,631 (49.1%) |
| Renter Occupied HU | 1,340 (40.4%) |
| Vacant Housing Units | 349 (10.5%) |
| Median Home Value | $329,521 |
| Average Home Value | $386,757 |
Housing Distribution
Address Breakdown
Residential
3,264
Single Family
2,712
Multi-Family
552
Businesses
682
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KERI ALPERS • SWEETWATER RESIDENTIAL LLC
Mls Name: LPRMLS
Mls ID: #747934