2661 Lockwood Rd UNIT 202FayettevilleNC28303
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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
Rental property for sale in Fayetteville at 2661 Lockwood Rd UNIT 202, Fayetteville, NC, 28303 generates $2,464/mo in rent and, after a $1,253/mo payment, leaves $604/mo in cash flow. Total monthly income is $2,464/mo, and annual cash flow is $7,247/yr on $84,831 invested. Return on cash invested sits at 28.45% in year one, and rental yield is 11.55% on a $255,900 entry. Equity gained on principal adds $1,651/yr, while 5% annual appreciation builds toward $70,700 over five years. Five-year ROI reaches 150.05% and total cumulative return in cash sums $127,286. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,464/mo property income rather than buyer’s personal income.
Condo
Built in 2015
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28303, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,561 (100%) |
| Owner Occupied HU | 6,519 (41.9%) |
| Renter Occupied HU | 7,585 (48.7%) |
| Vacant Housing Units | 1,457 ( 9.4%) |
| Median Home Value | $215,495 |
| Average Home Value | $259,389 |
Housing Distribution
Address Breakdown
Residential
15,224
Single Family
12,970
Multi-Family
2,254
Businesses
1,792
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Listed by: BRENDA "MAGGIE" HIGH • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #738261
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.