7020 Lure CtFayettevilleNC28311
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 7020 Lure Ct, Fayetteville, NC, 28311 in Fayetteville deserves attention. This $235,000 property earns $2,035/mo in rent, a 10.39% gross yield, and nets $603/mo after the $1,057/mo payment. DSCR 1.93 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $64,926 compounds alongside $2,164/yr in yearly equity build, for a total cumulative return of $127,772.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 7.2% |
| Monthly Cash Flow | $603 | $850 |
City averages based on Fayetteville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,035 |
| Total Monthly Debt Service | $1,339 |
| DSCR Ratio | 1.52x |
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 1978
0.68 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
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 1978
0.68 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: IRENA PRICE • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #767341
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.