290 Stepp Mill 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
Total monthly income runs $2,720/mo, and a $2,423/mo payment. Purchase price stands at $495,000, and rental yield measures 6.59% with $2,720/mo rent. Return on cash invested shows 17.74% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 91.06% and total cumulative return in cash records $149,422. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,720/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Single Family
Built in 1961
1.22 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: Shane Gragg • Carolina Living
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4317367