461 Morningside DrFayettevilleNC28311
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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 461 Morningside Dr, Fayetteville, NC, 28311 generates $1,616/mo in rent and, after a $979/mo payment, leaves $397/mo in cash flow. Total monthly income is $1,616/mo, and annual cash flow is $4,764/yr on $66,297 invested. Return on cash invested sits at 27.1% in year one, and rental yield is 9.7% on a $199,990 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,254 over five years. Five-year ROI reaches 141.34% and total cumulative return in cash sums $93,701. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,616/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28311, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,965 (100%) |
| Owner Occupied HU | 7,993 (47.1%) |
| Renter Occupied HU | 7,590 (44.7%) |
| Vacant Housing Units | 1,382 ( 8.1%) |
| Median Home Value | $267,769 |
| Average Home Value | $286,491 |
Housing Distribution
Address Breakdown
Residential
16,585
Single Family
14,132
Multi-Family
2,453
Businesses
685
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Listed by: CARLA JAI OLLISON • LUXOR REALTY
Mls Name: LPRMLS
Mls ID: #753029