115 Pitt StFayettevilleNC28306
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 Fayetteville at 115 Pitt St, Fayetteville, NC, 28306 generates $1,183/mo in rent and, after a $646/mo payment, leaves $379/mo in cash flow. Total monthly income is $1,183/mo, and annual cash flow is $4,543/yr on $43,758 invested. Return on cash invested sits at 30.29% in year one, and rental yield is 10.75% on a $132,000 entry. Equity gained on principal adds $852/yr, while 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 158.44% and total cumulative return in cash sums $69,331. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,183/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28306, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,346 (100%) |
| Owner Occupied HU | 11,310 (61.6%) |
| Renter Occupied HU | 5,683 (31.0%) |
| Vacant Housing Units | 1,353 ( 7.4%) |
| Median Home Value | $270,089 |
| Average Home Value | $289,527 |
Housing Distribution
Address Breakdown
Residential
18,429
Single Family
17,357
Multi-Family
1,072
Businesses
1,083
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CRYSTAL MONTZ • DREAMS MADE REALTY GROUP
Mls Name: LPRMLS
Mls Provider:
Mls ID: #740454
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.