2838 Little Creek RdHendersonvilleNC28792
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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
Investment property for sale in Hendersonville at 2838 Little Creek Rd, Hendersonville, NC, 28792 uses $96,135 cash to close to unlock $6,720/yr annual cash flow and $560/mo monthly cash flow. Total monthly income runs $2,327/mo, and a $1,419/mo payment keeps the spread at $560/mo. Purchase price stands at $290,000, and rental yield measures 9.63% with $2,327/mo rent. Return on cash invested shows 26.9% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 140.18% and total cumulative return in cash records $134,764. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,327/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28792, Hendersonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,631 (100%) |
| Owner Occupied HU | 10,436 (56.0%) |
| Renter Occupied HU | 5,775 (31.0%) |
| Vacant Housing Units | 2,420 (13.0%) |
| Median Home Value | $330,632 |
| Average Home Value | $370,895 |
Housing Distribution
Address Breakdown
Residential
16,922
Single Family
15,291
Multi-Family
1,631
Businesses
1,395
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Listed by: Sarah Howell • Mosaic Community Lifestyle Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4282248