114 Phillips StFayettevilleNC28301
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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 Fayetteville at 114 Phillips St, Fayetteville, NC, 28301 uses $57,018 cash to close to unlock $4,471/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $1,421/mo, and a $842/mo payment keeps the spread at $373/mo. Purchase price stands at $172,000, and rental yield measures 9.91% with $1,421/mo rent. Return on cash invested shows 27.75% in year one, and 5% annual appreciation builds toward $47,520 over five years. Five-year ROI reaches 144.8% and total cumulative return in cash records $82,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,421/mo property income covering a $842/mo payment rather than investor’s personal income.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28301, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,369 (100%) |
| Owner Occupied HU | 2,645 (31.6%) |
| Renter Occupied HU | 4,447 (53.1%) |
| Vacant Housing Units | 1,277 (15.3%) |
| Median Home Value | $150,724 |
| Average Home Value | $214,386 |
Housing Distribution
Address Breakdown
Residential
7,784
Single Family
6,449
Multi-Family
1,335
Businesses
1,282
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Listed by: MAUREEN VARGAS • KELLER WILLIAMS REALTY (FAYETTEVILLE)
Mls Name: LPRMLS
Mls ID: #755096