2232 Progress StFayettevilleNC28306
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2232 Progress St, Fayetteville, NC, 28306 generates $881/mo in rent and, after a $538/mo payment, leaves $211/mo in cash flow. Total monthly income is $881/mo, and annual cash flow is $2,532/yr on $36,465 invested. Return on cash invested sits at 26.85% in year one, and rental yield is 9.61% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 139.96% and total cumulative return in cash sums $51,036. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $881/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28306, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,346 (100%) |
| Owner Occupied HU | 11,310 (61.6%) |
| Renter Occupied HU | 5,683 (31.0%) |
| Vacant Housing Units | 1,353 ( 7.4%) |
| Median Home Value | $270,089 |
| Average Home Value | $289,527 |
Housing Distribution
Address Breakdown
Residential
18,429
Single Family
17,357
Multi-Family
1,072
Businesses
1,083
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DUWAYNE EVANS • LPT REALTY LLC
Mls Name: LPRMLS
Mls ID: #747990