505 Albany StFayettevilleNC28301
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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 505 Albany St, Fayetteville, NC, 28301 priced at $223,000 converts $1,643/mo rent into $284/mo cash flow after a $1,091/mo obligation. Total monthly income equals $1,643/mo, and annual cash flow totals $3,413/yr on $73,925 invested. Return on cash invested prints 24.53% in year one, and rental yield reads 8.84% against a $223,000 entry. Equity gained on principal adds $1,439/yr, while 5% annual appreciation compiles into $61,611 by year five. Five-year ROI reaches 127.52% and total cumulative return in cash sums $94,265. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,643/mo property income covering a $1,091/mo payment, not borrower’s personal income.
Single Family
Built in 1955
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28301, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,369 (100%) |
| Owner Occupied HU | 2,645 (31.6%) |
| Renter Occupied HU | 4,447 (53.1%) |
| Vacant Housing Units | 1,277 (15.3%) |
| Median Home Value | $150,724 |
| Average Home Value | $214,386 |
Housing Distribution
Address Breakdown
Residential
7,784
Single Family
6,449
Multi-Family
1,335
Businesses
1,282
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Listed by: PATTIE JEAN GRIFFIN • CAPE FEAR REAL ESTATE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #726588
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.