115 Mississippi AveWaynesvilleNC28786
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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 Waynesville at 115 Mississippi Ave, Waynesville, NC, 28786 uses $92,820 cash to close to unlock $3,240/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $1,976/mo, and a $1,370/mo payment keeps the spread at $270/mo. Purchase price stands at $280,000, and rental yield measures 8.47% with $1,976/mo rent. Return on cash invested shows 23.4% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 121.43% and total cumulative return in cash records $112,713. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,976/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1959
8,450 sqft 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
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