308 Highland AveFayettevilleNC28305
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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 308 Highland Ave, Fayetteville, NC, 28305 offers $1,403/mo rent that, after a $974/mo payment, leaves $190/mo cash flow. Total monthly income is $1,403/mo, and annual cash flow is $2,282/yr on $65,969 cash. Return on cash invested measures 23.37% in year one, and rental yield stands at 8.46% at a $199,000 entry. Equity gained on principal adds $1,284/yr while 5% annual appreciation compounds into $54,980 by year five. Five-year ROI records 121.34% and total cumulative return in cash reaches $80,046. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,403/mo property income versus a $974/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28305, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,320 (100%) |
| Owner Occupied HU | 1,631 (49.1%) |
| Renter Occupied HU | 1,340 (40.4%) |
| Vacant Housing Units | 349 (10.5%) |
| Median Home Value | $329,521 |
| Average Home Value | $386,757 |
Housing Distribution
Address Breakdown
Residential
3,264
Single Family
2,712
Multi-Family
552
Businesses
682
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Listed by: GARRY SIMPSON • TOP BRAGG REALTY AND PROPERTY MANAGEMENT
Mls Name: LPRMLS
Mls ID: #755496