124 Old Pasture WayLaurel ParkNC28739
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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
Total monthly income runs $2,587/mo, and a $2,868/mo payment. Purchase price stands at $586,000, and rental yield measures 5.3% with $2,587/mo rent. Return on cash invested shows 13.93% in year one, and 5% annual appreciation builds toward $161,901 over five years. Five-year ROI reaches 70.64% and total cumulative return in cash records $136,196. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,587/mo property income covering a $2,868/mo payment rather than investor’s personal income.
Townhouse
Built in 2006
0.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28739, Hendersonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,990 (100%) |
| Owner Occupied HU | 8,107 (67.6%) |
| Renter Occupied HU | 2,164 (18.0%) |
| Vacant Housing Units | 1,719 (14.3%) |
| Median Home Value | $453,982 |
| Average Home Value | $545,676 |
Housing Distribution
Address Breakdown
Residential
10,599
Single Family
10,182
Multi-Family
417
Businesses
282
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Listed by: Anne Linhart • RE/MAX Results
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4296326