220 George Sutton RdWaynesvilleNC28785
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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 220 George Sutton Rd, Waynesville, NC, 28785 generates $2,671/mo in rent, after a $2,569/mo payment. Total monthly income is $2,671/mo. Return on cash invested sits at 16.39% in year one, and rental yield is 6.11% on a $524,900 entry. Equity gained on principal adds $3,387/yr, while 5% annual appreciation builds toward $145,020 over five years. Five-year ROI reaches 83.84% and total cumulative return in cash sums $144,781. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,671/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
1.12 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: Martin Burson • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330398