1315 Double Knob DrArdenNC28704
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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 Arden at 1315 Double Knob Dr, Arden, NC, 28704 earns from $4,470/mo rent with a $5,873/mo payment. Total monthly income totals $4,470/mo. ROI tracks 11.6% on current figures, and rental yield reads 4.47% at a $1,200,000 purchase. Equity gained on principal adds $7,743/yr, and 5% annual appreciation supports $331,538 over five years. Five-year ROI reaches 58.02% and total cumulative return in cash sums $225,599. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,470/mo property income instead of your personal income.
Single Family
Built in 2003
2.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28704, Arden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,283 (100%) |
| Owner Occupied HU | 6,564 (49.4%) |
| Renter Occupied HU | 5,409 (40.7%) |
| Vacant Housing Units | 1,310 ( 9.9%) |
| Median Home Value | $460,403 |
| Average Home Value | $610,342 |
Housing Distribution
Address Breakdown
Residential
12,048
Single Family
9,990
Multi-Family
2,058
Businesses
976
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Listed by: Bonnie Cathey • Allen Tate/Beverly-Hanks Asheville-Downtown
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4297299