2342 Lake AveFayettevilleNC28301
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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 2342 Lake Ave, Fayetteville, NC, 28301 offers a 17.19% rental yield on a $110,000 purchase with $1,576/mo rent. Total monthly income registers $1,576/mo, and a $538/mo payment leaves $906/mo available for distribution. Annual cash flow reaches $10,872/yr on $36,465 to close, and return on cash invested stands at 49.72% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 262.54% and total cumulative return in cash at $95,736. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,576/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.42 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: Matt Gaylord • Keller Williams Realty United
Mls Name: Doorify MLS
Mls ID: #10122757