2049 Corrinna StFayettevilleNC28301
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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 2049 Corrinna St, Fayetteville, NC, 28301 generates $1,118/mo in rent and, after a $685/mo payment, leaves $265/mo in cash flow. Total monthly income is $1,118/mo, and annual cash flow is $3,181/yr on $46,377 invested. Return on cash invested sits at 26.77% in year one, and rental yield is 9.59% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 139.63% and total cumulative return in cash sums $64,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,118/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28301, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,369 (100%) |
| Owner Occupied HU | 2,645 (31.6%) |
| Renter Occupied HU | 4,447 (53.1%) |
| Vacant Housing Units | 1,277 (15.3%) |
| Median Home Value | $150,724 |
| Average Home Value | $214,386 |
Housing Distribution
Address Breakdown
Residential
7,784
Single Family
6,449
Multi-Family
1,335
Businesses
1,282
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Listed by: TRACEY JONES-BROOKS • TJB REALTY
Mls Name: LPRMLS
Mls ID: #756034