24 Henbit WayArdenNC28704
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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 Arden at 24 Henbit Way, Arden, NC, 28704 priced at $675,000 converts $3,616/mo rent into after a $3,304/mo obligation. Total monthly income equals $3,616/mo. Return on cash invested prints 17.37% in year one, and rental yield reads 6.43% against a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation compiles into $186,490 by year five. Five-year ROI reaches 89.06% and total cumulative return in cash sums $197,775. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,616/mo property income covering a $3,304/mo payment, not borrower’s personal income.
Single Family
Built in 2018
0.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28704, Arden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,283 (100%) |
| Owner Occupied HU | 6,564 (49.4%) |
| Renter Occupied HU | 5,409 (40.7%) |
| Vacant Housing Units | 1,310 ( 9.9%) |
| Median Home Value | $460,403 |
| Average Home Value | $610,342 |
Housing Distribution
Address Breakdown
Residential
12,048
Single Family
9,990
Multi-Family
2,058
Businesses
976
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Listed by: Valeria Carrizo-Wyda • Nest Realty Asheville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321612