216 Waterdown Dr APT 8FayettevilleNC28314
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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
Investment property for sale in Fayetteville at 216 Waterdown Dr APT 8, Fayetteville, NC, 28314 uses $53,206 cash to close to unlock $1,649/yr annual cash flow and $137/mo monthly cash flow. Total monthly income runs $1,337/mo, and a $786/mo payment keeps the spread at $137/mo. Purchase price stands at $160,500, and rental yield measures 10% with $1,337/mo rent. Return on cash invested shows 23.01% in year one, and 5% annual appreciation builds toward $44,343 over five years. Five-year ROI reaches 121.19% and total cumulative return in cash records $64,479. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,337/mo property income covering a $786/mo payment rather than investor’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
$221 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28314, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,364 (100%) |
| Owner Occupied HU | 10,918 (43.0%) |
| Renter Occupied HU | 12,332 (48.6%) |
| Vacant Housing Units | 2,114 ( 8.3%) |
| Median Home Value | $209,475 |
| Average Home Value | $234,252 |
Housing Distribution
Address Breakdown
Residential
25,385
Single Family
18,530
Multi-Family
6,855
Businesses
947
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Listed by: CHARLESTON WALLACE • MISSION ACCOMPLISHED REALTY
Mls Name: LPRMLS
Mls Provider:
Mls ID: #744199
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.