290 Patton Hill RdSwannanoaNC28778
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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 Swannanoa at 290 Patton Hill Rd, Swannanoa, NC, 28778 generates $2,322/mo in rent, after a $2,932/mo payment. Total monthly income is $2,322/mo. Return on cash invested sits at 11.97% in year one, and rental yield is 4.65% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 60.12% and total cumulative return in cash sums $118,474. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,322/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
1.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28778, Swannanoa, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,807 (100%) |
| Owner Occupied HU | 3,106 (64.6%) |
| Renter Occupied HU | 1,185 (24.7%) |
| Vacant Housing Units | 516 (10.7%) |
| Median Home Value | $357,056 |
| Average Home Value | $382,510 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
4,804
Multi-Family
0
Businesses
303
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Listed by: Rosie Johnson • GreyBeard Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4286247