1613 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
Rental property for sale in Fayetteville at 1613 Morehead Ave, Fayetteville, NC, 28303 generates $1,473/mo in rent and, after a $1,067/mo payment, leaves $144/mo in cash flow. Total monthly income is $1,473/mo, and annual cash flow is $1,733/yr on $72,267 invested. Return on cash invested sits at 22.31% in year one, and rental yield is 8.11% on a $218,000 entry. Equity gained on principal adds $1,407/yr, while 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 115.61% and total cumulative return in cash sums $83,551. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,473/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
N/A 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: SARRAH HEALY • BROOKDALE PROPERTY MANAGEMENT
Mls Name: LPRMLS
Mls ID: #755122