117 Grooms StFayettevilleNC28303
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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 117 Grooms St, Fayetteville, NC, 28303 offers a 10.88% rental yield on a $124,900 purchase with $1,132/mo rent. Total monthly income registers $1,132/mo, and a $611/mo payment leaves $371/mo available for distribution. Annual cash flow reaches $4,453/yr on $41,404 to close, and return on cash invested stands at 30.66% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 160.53% and total cumulative return in cash at $66,466. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,132/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28303, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,561 (100%) |
| Owner Occupied HU | 6,519 (41.9%) |
| Renter Occupied HU | 7,585 (48.7%) |
| Vacant Housing Units | 1,457 ( 9.4%) |
| Median Home Value | $215,495 |
| Average Home Value | $259,389 |
Housing Distribution
Address Breakdown
Residential
15,224
Single Family
12,970
Multi-Family
2,254
Businesses
1,792
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Listed by: ESSENCE REALTY GROUP • REAL BROKER LLC
Mls Name: LPRMLS
Mls Provider:
Mls ID: #737759
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.