1847 Strickland Bridge RdFayettevilleNC28304
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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 1847 Strickland Bridge Rd, Fayetteville, NC, 28304 priced at $189,900 converts $1,754/mo rent into $597/mo cash flow after a $929/mo obligation. Total monthly income equals $1,754/mo, and annual cash flow totals $7,165/yr on $62,952 invested. Return on cash invested prints 31.29% in year one, and rental yield reads 11.08% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 163.83% and total cumulative return in cash sums $103,133. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,754/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.33 Acres 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: JESSICA PETTIS • ERA STROTHER REAL ESTATE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #733895
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.