940 Westland Ridge RdFayettevilleNC28311
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
Investment Highlights
Rental property for sale in Fayetteville at 940 Westland Ridge Rd, Fayetteville, NC, 28311 priced at $272,000 converts $2,062/mo rent into $178/mo cash flow after a $1,331/mo obligation. Total monthly income equals $2,062/mo, and annual cash flow totals $2,140/yr on $90,168 invested. Return on cash invested prints 22.28% in year one, and rental yield reads 9.1% against a $272,000 entry. Equity gained on principal adds $1,755/yr, while 5% annual appreciation compiles into $75,149 by year five. Five-year ROI reaches 116.56% and total cumulative return in cash sums $105,101. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,062/mo property income covering a $1,331/mo payment, not borrower’s personal income.
Townhouse
Built in 2005
N/A lot
$N/A/sqft
$161 monthly 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: KNASHONDA EILAND • ELITE REALTY GROUP
Mls Name: LPRMLS
Mls Provider:
Mls ID: #732845
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.