706 Elliot Farm RdFayettevilleNC28311
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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 706 Elliot Farm Rd, Fayetteville, NC, 28311 offers $906/mo rent that, after a $587/mo payment, leaves $175/mo cash flow. Total monthly income is $906/mo, and annual cash flow is $2,100/yr on $39,780 cash. Return on cash invested measures 25.19% in year one, and rental yield stands at 9.06% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 131.03% and total cumulative return in cash reaches $52,123. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $906/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
N/A 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: DAVID THOMAS • THOMAS REAL ESTATE SERVICES
Mls Name: LPRMLS
Mls ID: #749674