962 Stewarts Creek Dr #1 · Fayetteville, NC 28314

$109,999

3 bd · 3.0 ba · 1,293 sqft · Condo public records · 27 Days on market

Built 1990 $180/mo HOA · 13% of rent

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.7/30.0
• DSCR +8.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.4/10.0
• Livability +3.8/5.0
• Rent growth +3.3/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits with this first-floor 3 bedroom, 2 bathroom condo being sold in its current condition. The property experienced water damage from a third-floor leak and has been fully gutted down to the studs. Interior finishes have been removed, providing a clean slate for renovation. Framing and layout remain in place, allowing an investor or contractor to reimagine and rebuild to their specifications. Ideal for cash buyers looking for a value-add project. Convenient first-floor location with easy access. Excellent potential for rental income or resale once completed. Sold as-is. Bring your vision and contractor.

Key facts

• $180 HOA
• Built 1990
• Listed 26 days

Property features AI

Finance

• Other: GPS-friendly directions
• HOA & community: Homeowners association with $180 monthly fee (includes grounds maintenance); Subdivision: STEWARTS CK; Community street lights

Exterior

• Parking: No garage
• Security: Smoke detectors
• Utilities: Public water; Public sewer
• Home design: Residential condominium; Corner lot; Sloped and cleared wooded setting
• Construction: Wood siding
• Exterior features: Balcony; Covered deck

Interior

• Kitchen: Refrigerator; Dishwasher; Electric range; Microwave
• Bedrooms: Total of 6 rooms (includes bedrooms and living spaces)
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump heating; Central air conditioning; Electric cooling; Ceiling fans
• Interior features: Ceiling fans; Entrance foyer; Unfurnished; Living room masonry fireplace
• Laundry & utility: Washer hookup in unit

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath condo listed at $110k.

Deal economics

• At list price, monthly cash flow is $230 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $108k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 4.9% in Fayetteville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#45 in NC, #4,031 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools C-, crime F, employment D-.
• Cumberland County Schools (urban): math 32% / reading 41% proficiency, ranked #126 of 178 in NC (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.1%/yr); 429 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,125 units permitted in Cumberland County in 2024 (104 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $32k; list at $110k implies a 238% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; major wind risk, 73% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $108,349 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.24% ✓
• Cap rate: 8.80%
• Cash-on-cash: 8.95%
• DSCR: 1.40
• GRM: 6.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.11% rent growth · sell at horizon

5-year hold

• IRR: -2.6%
• Equity multiple: 0.90×
• Total profit: $-2,975
• Equity at exit: $16,401

10-year hold

• IRR: 7.3%
• Equity multiple: 1.56×
• Total profit: $17,159
• Equity at exit: $9,511

Cash invested: $30,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 85 Strongly Landlord-Friendly
• State North Carolina: 85 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

10-day notice; preempted; landlord-favorable but court speed varies.

Methodology + full state rankings →

ZIP-level market 28314

• Home prices YoY: -15.7%
• Rents YoY: 3.1%
• Active inventory: 429
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,361 high
• Mortgage (P&I): −$577
• Tax from tax record: −$43 /mo · $516/yr
• Insurance: −$46
• HOA: −$180
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $230

Break-even live

Break-even rent $1,070

Max offer price $109,999

Occupancy floor 78%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
942 Stewarts Creek Dr #9 Fayetteville, NC	3.0	2.0	1250	$1,250	$1.00	23d	1	0.09mi
942 Stewarts Creek Dr #8 Fayetteville, NC	2.0	2.0	1020	$1,055	$1.03	23d	1	0.09mi
6809 Willowbrook Dr Fayetteville, NC	2.0	2.0	1050	$990	$0.94	23d	1	0.19mi
1018 Wood Creek Dr #9 Fayetteville, NC	3.0	2.0	1101	$1,195	$1.09	23d	1	0.23mi
1000 Wood Creek Dr #9 Fayetteville, NC	2.0	2.0	1100	$1,175	$1.07	23d	1	0.24mi
1022 Brookhollow Dr #5 Fayetteville, NC	2.0	2.0	1086	$1,050	$0.97	23d	1	0.27mi
6748 Willowbrook Dr #9 Fayetteville, NC	2.0	2.0	1157	$1,100	$0.95	23d	1	0.27mi
1014 Brookhollow Dr Fayetteville, NC	2.0	2.0	1050	$1,000	$0.95	14d	1	0.32mi
6720 Willowbrook Dr #5 Fayetteville, NC	2.0	2.0	1200	$1,150	$0.96	14d	1	0.38mi
1002 Brookhollow Dr #5 Fayetteville, NC	3.0	2.0	1311	$1,290	$0.98	21d	1	0.39mi
1001 Brookhollow Dr #4 Fayetteville, NC	3.0	2.0	1311	$1,550	$1.18	23d	1	0.43mi
244 Wickford Ct Unit 6 Fayetteville, NC	2.0	1.5	1141	$995	$0.87	23d	1	0.48mi
205 Brookford Ct Fayetteville, NC	3.0	2.0	1196	$1,640	$1.37	23d	1	0.50mi
6855 Shawcross Ln Fayetteville, NC	3.0	2.0	1100	$1,495	$1.36	23d	1	0.51mi
6848 Torrance Ln Fayetteville, NC	3.0	2.5	1290	$3,295	$2.55	14d	1	0.53mi
6734 Winchester St Fayetteville, NC	3.0	2.0	1068	$3,195	$2.99	14d	1	0.64mi
6521 Cissna Dr Fayetteville, NC	3.0	2.0	1456	$1,375	$0.94	14d	1	0.65mi
6510 Cissna Dr Fayetteville, NC	3.0	1.5	1100	$1,095	$1.00	14d	1	0.70mi
916 Glen Reilly Dr Fayetteville, NC	3.0	2.0	1071	$1,400	$1.31	23d	1	0.70mi
6445 Independence Pl Dr Fayetteville, NC	1.0–3.0	1.0–3.0	1106	$1,779	$1.61	14d	18	0.73mi
6309 Easthampton Ct Fayetteville, NC	3.0	2.0	1776	$1,600	$0.90	23d	1	0.80mi
224 Ramona Dr Fayetteville, NC	3.0	2.5	1733	$1,700	$0.98	23d	1	0.81mi
605 S Reilly Rd Fayetteville, NC	1.0–3.0	1.0–2.0	992	$1,349	$1.36	14d	1	0.87mi
307 Family Lodge Dr Unit 5 Fayetteville, NC	2.0	2.5	1200	$1,100	$0.92	14d	1	0.91mi
621 Marshtree Ln #305 Fayetteville, NC	2.0	2.0	1140	$1,500	$1.32	23d	1	0.92mi
625 Marshtree Ln Fayetteville, NC	2.0–3.0	2.0	1170	$1,275	$1.09	14d	2	0.96mi
111 Grande Oaks Dr Fayetteville, NC	1.0–3.0	1.0–2.0	1205	$1,645	$1.37	14d	46	0.98mi
7639 Fletcher Ave Fayetteville, NC	3.0	2.0	1300	$1,400	$1.08	23d	1	1.01mi
338 Milburn Dr Fayetteville, NC	3.0	1.5	1128	$1,550	$1.37	23d	1	1.02mi
6407 Wallaby Ct Fayetteville, NC	2.0	1.5	1100	$1,200	$1.09	14d	1	1.04mi
7526 Bridgeman Dr Fayetteville, NC	3.0	2.0	1300	$1,450	$1.12	23d	1	1.09mi
7521 Ascot Ave Fayetteville, NC	2.0	1.5	1600	$1,500	$0.94	23d	1	1.18mi
6793 Candlewood Dr Fayetteville, NC	3.0	2.0	1240	$1,475	$1.19	14d	1	1.20mi
540 Auburndale Ln Fayetteville, NC	3.0	2.0	1100	$1,600	$1.45	14d	1	1.20mi
7252 Ainsley St Fayetteville, NC	3.0	1.0	1265	$1,299	$1.03	23d	1	1.21mi
7298 Ryan St Fayetteville, NC	4.0	1.5	1315	$1,400	$1.06	23d	1	1.26mi
7514 Telfair Dr Fayetteville, NC	3.0	1.5	1204	$1,300	$1.08	23d	1	1.31mi
202 Bertram Pl Fayetteville, NC	3.0	2.0	1175	$1,300	$1.11	14d	1	1.35mi
567 Cutchen Ln Fayetteville, NC	1.0–3.0	1.0–2.0	975	$1,425	$1.46	14d	61	1.35mi
290 Lemont Dr Fayetteville, NC	3.0	2.0	1782	$1,775	$1.00	14d	1	1.36mi

HOA detail condo

• Monthly dues: $180 · $2,160/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 13 events

1. 2026-06-03
   days on market $109,999 Active 27 DOM
2. 2026-06-02
   days on market $109,999 Active 26 DOM
3. 2026-06-01
   days on market $109,999 Active 25 DOM
4. 2026-05-31
   days on market $109,999 Active 24 DOM
5. 2026-05-30
   days on market $109,999 Active 23 DOM
6. 2026-05-08
   listed $110,000 Active
7. 2026-05-08
   historical $110,000
8. 2026-03-18
   soldstatus $32,500 Closed 625-char remark

   Show marketing remark (625 chars)

   Opportunity awaits with this first-floor 3 bedroom, 2 bathroom condo being sold in its current condition. The property experienced water damage from a third-floor leak and has been fully gutted down to the studs. Interior finishes have been removed, providing a clean slate for renovation. Framing and layout remain in place, allowing an investor or contractor to reimagine and rebuild to their specifications. Ideal for cash buyers looking for a value-add project. Convenient first-floor location with easy access. Excellent potential for rental income or resale once completed. Sold as-is. Bring your vision and contractor.

9. 2026-02-19
   status Pending 625-char remark

   Show marketing remark (625 chars)

   Opportunity awaits with this first-floor 3 bedroom, 2 bathroom condo being sold in its current condition. The property experienced water damage from a third-floor leak and has been fully gutted down to the studs. Interior finishes have been removed, providing a clean slate for renovation. Framing and layout remain in place, allowing an investor or contractor to reimagine and rebuild to their specifications. Ideal for cash buyers looking for a value-add project. Convenient first-floor location with easy access. Excellent potential for rental income or resale once completed. Sold as-is. Bring your vision and contractor.

10. 2026-02-12
    listed $35,000 Active 625-char remark

    Show marketing remark (625 chars)

    Opportunity awaits with this first-floor 3 bedroom, 2 bathroom condo being sold in its current condition. The property experienced water damage from a third-floor leak and has been fully gutted down to the studs. Interior finishes have been removed, providing a clean slate for renovation. Framing and layout remain in place, allowing an investor or contractor to reimagine and rebuild to their specifications. Ideal for cash buyers looking for a value-add project. Convenient first-floor location with easy access. Excellent potential for rental income or resale once completed. Sold as-is. Bring your vision and contractor.

11. 2024-09-05
    historical $1,025
12. 2024-07-10
    listed $1,025
13. 1991-06-05
    soldstatus $64,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NC · Resets to sale price

• Current annual tax: $516 · $43/mo
• Projected year-2 tax: $902 · $75/mo
• Expected delta: +$386/yr (+$32/mo · 74.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 52% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 73% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,334
• − Mortgage interest: −$6,162
• − Property taxes: −$516
• − Insurance: −$550
• − Repairs & maintenance: −$1,307
• − Management: −$1,307
• − HOA: −$2,160
• − Depreciation: −$3,200
• Taxable income: $1,133
• Est. tax owed @ 24.0%: −$272
• After-tax cash flow: $2,484/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Cumberland County Schools
• NCES district ID: 3700011
• Math proficiency: 32% ▼ -2.00%
• Reading proficiency: 41% ▼ -1.00%
• Median HH income: $44,168
• Composite: 31.0/100
• National rank: #6096
• State rank: #126 of 178 in NC

Livability — Fayetteville

• Score: 75/100
• State rank: #45
• US rank: #4031

Category grades

Amenities B- Commute A+ Cost of living A+ Crime F Employment D- Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fayetteville, NC
• County: Cumberland County · 265,314 people
• City population: 226,118
• Metro: Fayetteville, NC
• Population (ZIP): 55,834
• Household income: $62,249
• Rent vs Own: 52.6% rent · 47.4% own
• Severe rent burden: 2511.0

Population outlook (Cumberland County) Hauer SSP2

• Today (2025): 330,855 people
• By 2030: 333,523 · +0.8%
• By 2040: 335,583 · +1.4%
• By 2050: 335,325 · +1.4%
• By 2075: 342,853 · +3.6%
• By 2100: 340,698 · +3.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: Black 49% White 25% Hispanic / Latino 16% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 5% Puerto Rican 6% Dominican 1%
• Common ancestry: Slovak 1% Romanian 1% Lithuanian 1%
• Foreign-born: 9% · Canada, South Korea
• Languages at home: 84% English-only · Spanish 10% Korean 1% Other Asian/Pacific 1%

Political lean MEDSL · Cumberland

• 2024 margin: D (+13.4) · D 56.1% · R 42.7% · Other 1.2%
• 2008→2024 swing: -4.3pp toward R · 2008: 17.7pp · 2024: 13.4pp
• All cycles: 2024: D+13.4 2020: D+16.6 2016: D+16.0 2012: D+19.7 2008: D+17.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -43.20%
• Current HPI: 231.873
• Rent YoY: ▲ 3.11%
• Metro: Fayetteville, NC
• State GDP YoY: ▲ 3.28%
• F500 in state: 26

Industry mix (Fortune 500 HQ in NC)

Industry	F500 HQs	Revenue
▸Financial Services	2	$213B
▸Retail	2	$95B
▸Industrial Conglomerate	1	$38B
▸Metals / Steel	1	$35B
▸Utilities	1	$30B
▸Industrial Machinery	1	$19B

Price history

+71.9% since first listed

8 events — show timeline

• 2026-05-08 Listed $110,000 LPRMLS
• 2026-05-08 Coming Soon $110,000 LPRMLS
• 2026-03-18 Sold (MLS) $32,500 LPRMLS
• 2026-02-19 Pending — LPRMLS
• 2026-02-12 Listed $35,000 LPRMLS
• 2024-09-05 Rental Removed $1,025 BUILDIUM
• 2024-07-10 Listed for Rent $1,025 BUILDIUM
• 1991-06-05 Sold (Public Records) $64,000 Public Records

Property tax history

-9.8%/yr

Latest (2019): $516 · +0.0% YoY. Source: county tax records.