16 Outer Park DrHendersonvilleNC28792
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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 Hendersonville at 16 Outer Park Dr, Hendersonville, NC, 28792 priced at $109,000 converts $872/mo rent into $207/mo cash flow after a $534/mo obligation. Total monthly income equals $872/mo, and annual cash flow totals $2,486/yr on $36,134 invested. Return on cash invested prints 26.79% in year one, and rental yield reads 9.6% against a $109,000 entry. Equity gained on principal adds $703/yr, while 5% annual appreciation compiles into $30,115 by year five. Five-year ROI reaches 139.77% and total cumulative return in cash sums $50,506. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $872/mo property income covering a $534/mo payment, not borrower’s personal income.
Manufactured
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28792, Hendersonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,631 (100%) |
| Owner Occupied HU | 10,436 (56.0%) |
| Renter Occupied HU | 5,775 (31.0%) |
| Vacant Housing Units | 2,420 (13.0%) |
| Median Home Value | $330,632 |
| Average Home Value | $370,895 |
Housing Distribution
Address Breakdown
Residential
16,922
Single Family
15,291
Multi-Family
1,631
Businesses
1,395
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