128 Wheatfield RdFletcherNC28732
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
Rental property for sale in Fletcher at 128 Wheatfield Rd, Fletcher, NC, 28732 priced at $505,000 converts $3,878/mo rent into $800/mo cash flow after a $2,472/mo obligation. Total monthly income equals $3,878/mo, and annual cash flow totals $9,600/yr on $166,145 invested. Return on cash invested prints 25.84% in year one, and rental yield reads 9.22% against a $505,000 entry. Equity gained on principal adds $3,259/yr, while 5% annual appreciation compiles into $139,522 by year five. Five-year ROI reaches 134.47% and total cumulative return in cash sums $223,422. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,878/mo property income covering a $2,472/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28732, Fletcher, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,724 (100%) |
| Owner Occupied HU | 6,356 (72.9%) |
| Renter Occupied HU | 1,760 (20.2%) |
| Vacant Housing Units | 608 ( 7.0%) |
| Median Home Value | $396,542 |
| Average Home Value | $531,826 |
Housing Distribution
Address Breakdown
Residential
8,256
Single Family
8,255
Multi-Family
1
Businesses
633
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Listed by: Bunny Morris • Howard Hanna Beverly-Hanks Asheville-Downtown
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4315509