292 Grenada RdFayettevilleNC28306
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
Investment property for sale in Fayetteville at 292 Grenada Rd, Fayetteville, NC, 28306 uses $63,980 cash to close to unlock $6,137/yr annual cash flow and $511/mo monthly cash flow. Total monthly income runs $1,688/mo, and a $945/mo payment keeps the spread at $511/mo. Purchase price stands at $193,000, and rental yield measures 10.5% with $1,688/mo rent. Return on cash invested shows 29.5% in year one, and 5% annual appreciation builds toward $53,322 over five years. Five-year ROI reaches 154.2% and total cumulative return in cash records $98,658. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,688/mo property income covering a $945/mo payment rather than investor’s personal income.
Manufactured
Built in 1992
N/A 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: ROSA APONTE • PONTOPIA REALTY
Mls Name: LPRMLS
Mls ID: #754132