1829 Martindale DrFayettevilleNC28304
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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 1829 Martindale Dr, Fayetteville, NC, 28304 priced at $220,000 pairs $1,781/mo rent with $440/mo cash flow after a $1,077/mo payment. Total monthly income equals $1,781/mo, and annual cash flow comes to $5,280/yr on $72,930 invested. Return on cash invested is 27.15% in year one, and rental yield stands at 9.71% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 141.54% and total cumulative return in cash reaches $103,223. For financing, Ziffy Mortgage’s DSCR program evaluates $1,781/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28304, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,676 (100%) |
| Owner Occupied HU | 8,350 (50.1%) |
| Renter Occupied HU | 6,882 (41.3%) |
| Vacant Housing Units | 1,444 ( 8.7%) |
| Median Home Value | $204,223 |
| Average Home Value | $229,988 |
Housing Distribution
Address Breakdown
Residential
17,008
Single Family
14,542
Multi-Family
2,466
Businesses
1,253
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Listed by: ERICA CLARK • NOVUS REALTY GROUP, INC.
Mls Name: LPRMLS
Mls ID: #743383