1089 Ratcliff Cove RdWaynesvilleNC28786
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
Total monthly income runs $2,521/mo, and a $2,100/mo payment. Purchase price stands at $429,000, and rental yield measures 7.05% with $2,521/mo rent. Return on cash invested shows 19.12% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 98.5% and total cumulative return in cash records $140,077. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,521/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Single Family
Built in 1929
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28786, Waynesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,175 (100%) |
| Owner Occupied HU | 6,981 (57.3%) |
| Renter Occupied HU | 3,128 (25.7%) |
| Vacant Housing Units | 2,066 (17.0%) |
| Median Home Value | $297,270 |
| Average Home Value | $346,300 |
Housing Distribution
Address Breakdown
Residential
11,130
Single Family
10,582
Multi-Family
548
Businesses
1,261
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Maselbas • Howard Hanna Beverly-Hanks Waynesville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4299566