141 Pike PointWaynesvilleNC28785
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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
Rental property for sale in Waynesville at 141 Pike Point, Waynesville, NC, 28785 generates $1,608/mo in rent and, after a $852/mo payment, leaves $547/mo in cash flow. Total monthly income is $1,608/mo, and annual cash flow is $6,566/yr on $57,681 invested. Return on cash invested sits at 31.29% in year one, and rental yield is 11.09% on a $174,000 entry. Equity gained on principal adds $1,123/yr, while 5% annual appreciation builds toward $48,073 over five years. Five-year ROI reaches 163.84% and total cumulative return in cash sums $94,505. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,608/mo property income rather than buyer’s personal income.
Manufactured
Built in 2013
0.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28785, Waynesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,364 (100%) |
| Owner Occupied HU | 3,217 (60.0%) |
| Renter Occupied HU | 682 (12.7%) |
| Vacant Housing Units | 1,465 (27.3%) |
| Median Home Value | $349,783 |
| Average Home Value | $420,626 |
Housing Distribution
Address Breakdown
Residential
4,535
Single Family
4,535
Multi-Family
0
Businesses
107
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Listed by: Bruce McGovern • McGovern Property Management, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320489