228 Raintree DrHendersonvilleNC28791
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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 228 Raintree Dr, Hendersonville, NC, 28791 priced at $525,000 converts $3,154/mo rent into after a $2,570/mo obligation. Total monthly income equals $3,154/mo. Return on cash invested prints 19.74% in year one, and rental yield reads 7.21% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 101.77% and total cumulative return in cash sums $175,785. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,154/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28791, Hendersonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,366 (100%) |
| Owner Occupied HU | 5,375 (73.0%) |
| Renter Occupied HU | 1,393 (18.9%) |
| Vacant Housing Units | 598 ( 8.1%) |
| Median Home Value | $435,268 |
| Average Home Value | $481,838 |
Housing Distribution
Address Breakdown
Residential
6,759
Single Family
6,680
Multi-Family
79
Businesses
383
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Listed by: Spencer Blevins • BluAxis Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4318533