1939 Fairforest 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 1939 Fairforest Dr, Fayetteville, NC, 28304 priced at $309,500 converts $2,714/mo rent into $828/mo cash flow after a $1,515/mo obligation. Total monthly income equals $2,714/mo, and annual cash flow totals $9,931/yr on $102,599 invested. Return on cash invested prints 29.59% in year one, and rental yield reads 10.52% against a $309,500 entry. Equity gained on principal adds $1,997/yr, while 5% annual appreciation compiles into $85,509 by year five. Five-year ROI reaches 154.63% and total cumulative return in cash sums $158,646. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,714/mo property income covering a $1,515/mo payment, not borrower’s personal income.
Single Family
Built in 1993
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: APRIL POPE • PAPPAS REALTY
Mls Name: LPRMLS
Mls ID: #751325