1 Teresa WayBlack MountainNC28711
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 Black Mountain at 1 Teresa Way, Black Mountain, NC, 28711 priced at $439,000 converts $2,700/mo rent into $24/mo cash flow after a $2,149/mo obligation. Total monthly income equals $2,700/mo, and annual cash flow totals $290/yr on $145,529 invested. Return on cash invested prints 20.11% in year one, and rental yield reads 7.38% against a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation compiles into $121,288 by year five. Five-year ROI reaches 103.81% and total cumulative return in cash sums $151,076. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,700/mo property income covering a $2,149/mo payment, not borrower’s personal income.
Townhouse
Built in 2002
0.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28711, Black Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,280 (100%) |
| Owner Occupied HU | 4,528 (54.7%) |
| Renter Occupied HU | 1,930 (23.3%) |
| Vacant Housing Units | 1,822 (22.0%) |
| Median Home Value | $443,269 |
| Average Home Value | $495,702 |
Housing Distribution
Address Breakdown
Residential
6,885
Single Family
6,549
Multi-Family
336
Businesses
637
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Nearby investment properties with comparable prices
Listed by: Ben (Chip) Craig • GreyBeard Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4266378