349 Waterdown Dr APT 8FayettevilleNC28314
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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 349 Waterdown Dr APT 8, Fayetteville, NC, 28314 offers a 14.91% rental yield on a $142,900 purchase with $1,775/mo rent. Total monthly income registers $1,775/mo, and a $699/mo payment leaves $905/mo available for distribution. Annual cash flow reaches $10,854/yr on $47,371 to close, and return on cash invested stands at 42.82% in year one. Equity gained on principal adds $922/yr while 5% annual appreciation supports $39,481 over five years. Portfolio math shows five-year ROI at 225.62% and total cumulative return in cash at $106,881. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,775/mo property income against a $699/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28314, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,364 (100%) |
| Owner Occupied HU | 10,918 (43.0%) |
| Renter Occupied HU | 12,332 (48.6%) |
| Vacant Housing Units | 2,114 ( 8.3%) |
| Median Home Value | $209,475 |
| Average Home Value | $234,252 |
Housing Distribution
Address Breakdown
Residential
25,385
Single Family
18,530
Multi-Family
6,855
Businesses
947
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Listed by: TRACIE CROWDER • AC REALTY
Mls Name: LPRMLS
Mls ID: #751819