29 Lancaster LnWeavervilleNC28787
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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 29 Lancaster Ln, Weaverville, NC, 28787 priced at $716,200 converts $4,747/mo rent into $367/mo cash flow after a $3,505/mo obligation. Total monthly income equals $4,747/mo, and annual cash flow totals $4,399/yr on $235,630 invested. Return on cash invested prints 21.93% in year one, and rental yield reads 7.95% against a $716,200 entry. Equity gained on principal adds $4,622/yr, while 5% annual appreciation compiles into $197,873 by year five. Five-year ROI reaches 113.53% and total cumulative return in cash sums $267,518. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,747/mo property income covering a $3,505/mo payment, not borrower’s personal income.
Single Family
Built in 2010
1 Acres lot
$N/A/sqft
$16 monthly 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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