216 Vance AveBlack MountainNC28711
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
Investment property for sale in Black Mountain at 216 Vance Ave, Black Mountain, NC, 28711 listed at $569,900 pairs $2,731/mo rent with a $2,789/mo payment. Total monthly income runs $2,731/mo. Return on cash invested measures 15.31% in year one, and rental yield registers 5.75% at a $569,900 basis. Equity gained on principal adds $3,677/yr, and annual property appreciation at 5% supports $157,453 by year five. Five-year ROI tracks 78.06% and total cumulative return in cash totals $146,358. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,731/mo property income relative to a $2,789/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1962
0.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28711, Black Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,280 (100%) |
| Owner Occupied HU | 4,528 (54.7%) |
| Renter Occupied HU | 1,930 (23.3%) |
| Vacant Housing Units | 1,822 (22.0%) |
| Median Home Value | $443,269 |
| Average Home Value | $495,702 |
Housing Distribution
Address Breakdown
Residential
6,885
Single Family
6,549
Multi-Family
336
Businesses
637
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eddie Colley • Keller Williams - Black Mtn.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4149771
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)