220 Paddlewheel RdFayettevilleNC28314
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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 220 Paddlewheel Rd, Fayetteville, NC, 28314 uses $71,003 cash to close to unlock $240/yr annual cash flow and $20/mo monthly cash flow. Total monthly income runs $1,325/mo, and a $1,048/mo payment keeps the spread at $20/mo. Purchase price stands at $214,187, and rental yield measures 7.42% with $1,325/mo rent. Return on cash invested shows 20.25% in year one, and 5% annual appreciation builds toward $59,176 over five years. Five-year ROI reaches 104.49% and total cumulative return in cash records $74,194. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,325/mo property income covering a $1,048/mo payment rather than investor’s personal income.
Single Family
Built in 1976
N/A lot
$N/A/sqft
No 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: ERICA MOORING • COLDWELL BANKER ADVANTAGE #3-SOUTHERN PINES
Mls Name: LPRMLS
Mls Provider:
Mls ID: #741660
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.