Turnkey, Fully Renovated Rental Property with Immediate Cash Flow
Excellent opportunity to purchase a fully renovated, income-producing rental property in Fayetteville. This 3-bedroom, 2-bathroom ranch-style home offers approximately 1,306 square feet of living space and was fully renovated in 2026, including an updated kitchen and bathrooms, fresh paint, and updated flooring.
The property is currently occupied by a reliable, long-term tenant paying $1,503 per month, with approximately 18 months remaining on the existing lease. The tenant has a strong payment history and consistently pays rent on time, providing the new owner with immediate rental income from day one.
Annual gross rental income is $18,036. Based on approximately $1,366 in annual property taxes and $900 in annual insurance, the property generates approximately $15,770 per year after taxes and insurance.
Additional features include a functional single-story layout, two full bathrooms, a covered carport, public water and sewer, and no HOA fees.
This is an ideal opportunity for an investor seeking a renovated, occupied rental with stable income and no immediate leasing or renovation work required. The property is being sold with the existing lease and tenant in place. Showings will be coordinated in advance to respect the tenant’s occupancy.
For sale by owner
Price cut: $20K (8/4)
$189,999
5300 Bayleaf Dr, Fayetteville, NC 28304
3beds
1,275sqft
SingleFamily
Built in 1960
0.26 Acres Lot
$-- Zestimate®
$149/sqft
$-- HOA
What's special
Fully renovatedFresh paintCovered carportUpdated flooringFunctional single-story layoutUpdated kitchen
What the owner loves about this home
Turnkey, Fully Renovated Rental Property with Immediate Cash Flow
Excellent opportunity to purchase a fully renovated, income-producing rental property in Fayetteville. This 3-bedroom, 2-bathroom ranch-style home offers approximately 1,306 square feet of living space and was fully renovated in 2026, including an updated kitchen and bathrooms, fresh paint, and updated flooring.
The property is currently occupied by a reliable, long-term tenant paying $1,503 per month, with approximately 18 months remaining on the existing lease. The tenant has a strong payment history and consistently pays rent on time, providing the new owner with immediate rental income from day one.
Annual gross rental income is $18,036. Based on approximately $1,366 in annual property taxes and $900 in annual insurance, the property generates approximately $15,770 per year after taxes and insurance.
Additional features include a functional single-story layout, two full bathrooms, a covered carport, public water and sewer, and no HOA fees.
This is an ideal opportunity for an investor seeking a renovated, occupied rental with stable income and no immediate leasing or renovation work required. The property is being sold with the existing lease and tenant in place. Showings will be coordinated in advance to respect the tenant’s occupancy.
- 80 days
- 398
- 17
Listed by:
Property Owner (989) 293-7954
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Other
Features
- Flooring: Other, Hardwood
- Basement: Basement (not specified)
Interior area
- Total interior livable area: 1,275 sqft
Property
Parking
- Parking features: Carport
Features
- Exterior features: Brick
Lot
- Size: 0.26 Acres
Details
- Parcel number: 0406958627
Construction
Type & style
- Home type: SingleFamily
Materials
- masonry
- Foundation: Piers
- Roof: Composition
Condition
- New construction: No
- Year built: 1960
Community & HOA
Location
- Region: Fayetteville
Financial & listing details
- Price per square foot: $149/sqft
- Tax assessed value: $144,000
- Annual tax amount: $1,855
- Date on market: 7/23/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,387/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Price change | $189,999-9.5%$149/sqft |
Source: Owner Report a problem | ||
| 7/23/2026 | Listed for sale | $210,000+31.3%$165/sqft |
Source: Owner Report a problem | ||
| 3/9/2026 | Listing removed | $160,000$125/sqft |
Source: | ||
| 3/7/2026 | Listing removed | $1,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/9/2026 | Price change | $160,000+3.2%$125/sqft |
Source: | ||
| 1/9/2026 | Listed for sale | $155,000+72.2%$122/sqft |
Source: | ||
| 12/7/2025 | Listed for rent | $1,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/6/2025 | Listing removed | $1,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/2/2025 | Listed for rent | $1,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/2/2025 | Listing removed | $1,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/31/2025 | Listed for rent | $1,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/1/2025 | Sold | $90,000$71/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,855 +32.9% | $144,000 +118.8% |
| 2024 | $1,396 +6.5% | $65,800 |
| 2023 | $1,311 +8.6% | $65,800 |
| 2022 | $1,207 | $65,800 |
| 2021 | $1,207 | $65,800 -15.7% |
| 2020 | -- | $78,052 +18.6% |
| 2019 | $1,172 | $65,800 |
| 2018 | $1,172 | $65,800 |
| 2017 | $1,172 +5.3% | $65,800 -16.5% |
| 2016 | $1,114 +1% | $78,800 |
| 2015 | $1,103 +0.6% | $78,800 |
| 2014 | $1,096 +3% | $78,800 |
| 2013 | $1,064 | $78,800 |
| 2012 | $1,064 | $78,800 |
| 2011 | $1,064 | $78,800 |
| 2010 | -- | $78,800 |
| 2009 | -- | $78,800 +25.1% |
| 2008 | -- | $63,000 |
| 2007 | -- | $63,000 |
| 2006 | -- | $63,000 |
| 2005 | -- | -- |
| 2004 | -- | $63,000 |
| 2003 | -- | $63,000 +0.7% |
| 2002 | -- | $62,568 |
| 2001 | -- | $62,568 |
Find assessor info on the county website
Monthly payment
Est. payment







