1610 Morehead AveFayettevilleNC28303
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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 1610 Morehead Ave, Fayetteville, NC, 28303 with 5% annual appreciation on a $216,000 basis while $1,920/mo rent supports operations. Total monthly income totals $1,920/mo and a $1,057/mo payment preserves $604/mo for cash returns. Annual cash flow comes to $7,246/yr on $71,604 deployed, and return on cash invested reaches 30.03% in year one. Equity gained on principal adds $1,394/yr, and five-year appreciation sums $59,677 alongside rental yield of 10.67%. Five-year ROI measures 156.98% and total cumulative return in cash totals $112,407.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,920/mo property income versus a $1,057/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1971
0.25 Acres 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: ALEXANDRA HARRIS • TEAM HARRIS INC.
Mls Name: LPRMLS
Mls Provider:
Mls ID: #726437
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.