1460 Russ 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 1460 Russ Ave, Waynesville, NC, 28786 offers a 3.69% rental yield on a $844,000 purchase with $2,596/mo rent. 05% in year one. Equity gained on principal adds $5,446/yr while 5% annual appreciation supports $233,182 over five years. Portfolio math shows five-year ROI at 44.46% and total cumulative return in cash at $123,454. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,596/mo property income against a $4,131/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
1.80 Acres 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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Listed by: Brian K. Noland • Howard Hanna Beverly-Hanks Waynesville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4017485