6506 Sprucewood RdFayettevilleNC28304
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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 6506 Sprucewood Rd, Fayetteville, NC, 28304 uses $71,273 cash to close to unlock $7,128/yr annual cash flow and $594/mo monthly cash flow. Total monthly income runs $1,904/mo, and a $1,052/mo payment keeps the spread at $594/mo. Purchase price stands at $215,000, and rental yield measures 10.63% with $1,904/mo rent. Return on cash invested shows 29.91% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 156.35% and total cumulative return in cash records $111,433. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,904/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1976
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
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Listed by: RAJ BHATTI • TOWNSEND REAL ESTATE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #741846
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.