5924 Lakeridge DrFayettevilleNC28304
INVESTMENT ANALYSIS
Investment Verdict
Solid Income5924 Lakeridge Dr, Fayetteville, NC, 28304 in Fayetteville is a solid income-producing rental, 9.61% gross yield, $1,802/mo rent, $431/mo net cash flow on a $225,000 buy. DSCR 1.78 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $62,163 and $2,072/yr in principal reduction project a total cumulative return of $112,920.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 7.2% |
| Monthly Cash Flow | $431 | $850 |
City averages based on Fayetteville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,802 |
| Total Monthly Debt Service | $1,282 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28304, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,676 (100%) |
| Owner Occupied HU | 8,350 (50.1%) |
| Renter Occupied HU | 6,882 (41.3%) |
| Vacant Housing Units | 1,444 ( 8.7%) |
| Median Home Value | $204,223 |
| Average Home Value | $229,988 |
Housing Distribution
Address Breakdown
Residential
17,008
Single Family
14,542
Multi-Family
2,466
Businesses
1,253
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
Single Family
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28304, Fayetteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,676 (100%) |
| Owner Occupied HU | 8,350 (50.1%) |
| Renter Occupied HU | 6,882 (41.3%) |
| Vacant Housing Units | 1,444 ( 8.7%) |
| Median Home Value | $204,223 |
| Average Home Value | $229,988 |
Housing Distribution
Address Breakdown
Residential
17,008
Single Family
14,542
Multi-Family
2,466
Businesses
1,253
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LEWIS DOVE • FATHOM REALTY NC, LLC FAY.
Mls Name: LPRMLS
Mls ID: #752004