123 Devane StFayettevilleNC28305
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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
Rental property for sale in Fayetteville at 123 Devane St, Fayetteville, NC, 28305 priced at $407,500 converts $2,006/mo rent into after a $1,995/mo obligation. Total monthly income equals $2,006/mo. Return on cash invested prints 15.35% in year one, and rental yield reads 5.91% against a $407,500 entry. Equity gained on principal adds $2,630/yr, while 5% annual appreciation compiles into $112,585 by year five. Five-year ROI reaches 78.38% and total cumulative return in cash sums $105,883. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,006/mo property income covering a $1,995/mo payment, not borrower’s personal income.
Single Family
Built in 1939
10,018 sqft 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
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Listed by: THE PENNINK TEAMS POWERED BY COLDWELL BANKER ADVANTAGE • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #748766
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.