2603 Cherry Plum DrFayettevilleNC28306
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSolid, durable, and financeable, 2603 Cherry Plum Dr, Fayetteville, NC, 28306 in Fayetteville earns a 7.96% gross yield at $430,000. Rent of $2,854/mo nets $205/mo after the $1,934/mo mortgage. The 1.48 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $118,801 and $3,960/yr in equity accumulation project a total cumulative return of $176,169.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 7.2% |
| Monthly Cash Flow | $205 | $850 |
City averages based on Fayetteville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,854 |
| Total Monthly Debt Service | $2,478 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2009
10,018 sqft lot
$N/A/sqft
$340 annually 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
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
Single Family
Built in 2009
10,018 sqft lot
$N/A/sqft
$340 annually 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: THE PENNINK TEAMS POWERED BY COLDWELL BANKER ADVANTAGE • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #747285
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.