242 Moody Cove RdWeavervilleNC28787
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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 Weaverville at 242 Moody Cove Rd, Weaverville, NC, 28787 priced at $389,000 pairs $2,736/mo rent with $365/mo cash flow after a $1,904/mo payment. Total monthly income equals $2,736/mo, and annual cash flow comes to $4,382/yr on $128,954 invested. Return on cash invested is 23.31% in year one, and rental yield stands at 8.44% on a $389,000 basis. Equity gained on principal adds $2,510/yr, and 5% annual appreciation accumulates to $107,474 by year five. Five-year ROI measures 120.97% and total cumulative return in cash reaches $155,994. For financing, Ziffy Mortgage’s DSCR program evaluates $2,736/mo property income against a $1,904/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28787, Weaverville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,985 (100%) |
| Owner Occupied HU | 7,663 (69.8%) |
| Renter Occupied HU | 2,359 (21.5%) |
| Vacant Housing Units | 963 ( 8.8%) |
| Median Home Value | $456,864 |
| Average Home Value | $531,399 |
Housing Distribution
Address Breakdown
Residential
10,632
Single Family
10,452
Multi-Family
180
Businesses
619
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Listed by: Lisa Hagan • Moving Mountains Property Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322351