109 Canary LnHayesvilleNC28904
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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 Hayesville at 109 Canary Ln, Hayesville, NC, 28904 priced at $629,000 converts $2,100/mo rent into after a $3,079/mo obligation. Total monthly income equals $2,100/mo. Return on cash invested prints 10.01% in year one, and rental yield reads 4.01% against a $629,000 entry. Equity gained on principal adds $4,059/yr, while 5% annual appreciation compiles into $173,781 by year five. Five-year ROI reaches 49.6% and total cumulative return in cash sums $102,645. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,100/mo property income covering a $3,079/mo payment, not borrower’s personal income.
Manufactured
Built in 2009
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28904, Hayesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,753 (100%) |
| Owner Occupied HU | 3,559 (52.7%) |
| Renter Occupied HU | 944 (14.0%) |
| Vacant Housing Units | 2,250 (33.3%) |
| Median Home Value | $409,328 |
| Average Home Value | $448,304 |
Housing Distribution
Address Breakdown
Residential
5,072
Single Family
5,072
Multi-Family
0
Businesses
430
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Listed by: Ed Reams • Advantage Chatuge Realty
Mls Name: NGBOR
Mls ID: #416865
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.