1220 N Forest DrFayettevilleNC28303
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 1220 N Forest Dr, Fayetteville, NC, 28303 priced at $145,000 pairs $1,320/mo rent with $436/mo cash flow after a $710/mo payment. Total monthly income equals $1,320/mo, and annual cash flow comes to $5,232/yr on $48,068 invested. Return on cash invested is 30.79% in year one, and rental yield stands at 10.92% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 161.09% and total cumulative return in cash reaches $77,432. For financing, Ziffy Mortgage’s DSCR program evaluates $1,320/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1988
871.20 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Olga Leggett • K2 Real Estate Group
Mls Name: Doorify MLS
Mls ID: #10139886