114 Leonards LnWeavervilleNC28787
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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
Investment property for sale in Weaverville at 114 Leonards Ln, Weaverville, NC, 28787 with 5% annual appreciation on a $240,000 basis while $1,722/mo rent supports operations. Total monthly income totals $1,722/mo and a $1,175/mo payment preserves $259/mo for cash returns. Annual cash flow comes to $3,108/yr on $79,560 deployed, and return on cash invested reaches 23.82% in year one. Equity gained on principal adds $1,549/yr, and five-year appreciation sums $66,308 alongside rental yield of 8.61%. Five-year ROI measures 123.65% and total cumulative return in cash totals $98,378.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,722/mo property income versus a $1,175/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28787, Weaverville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,985 (100%) |
| Owner Occupied HU | 7,663 (69.8%) |
| Renter Occupied HU | 2,359 (21.5%) |
| Vacant Housing Units | 963 ( 8.8%) |
| Median Home Value | $456,864 |
| Average Home Value | $531,399 |
Housing Distribution
Address Breakdown
Residential
10,632
Single Family
10,452
Multi-Family
180
Businesses
619
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Listed by: Donette Moore-Douglass • Howard Hanna Beverly-Hanks Freestone Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309120