303 E Hiawassee RdFletcherNC28732
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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 Fletcher at 303 E Hiawassee Rd, Fletcher, NC, 28732 priced at $457,100 converts $2,300/mo rent into after a $2,237/mo obligation. Total monthly income equals $2,300/mo. Return on cash invested prints 16.06% in year one, and rental yield reads 6.04% against a $457,100 entry. Equity gained on principal adds $2,950/yr, while 5% annual appreciation compiles into $126,288 by year five. Five-year ROI reaches 82.11% and total cumulative return in cash sums $124,419. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,300/mo property income covering a $2,237/mo payment, not borrower’s personal income.
Single Family
Built in 2017
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28732, Fletcher, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,724 (100%) |
| Owner Occupied HU | 6,356 (72.9%) |
| Renter Occupied HU | 1,760 (20.2%) |
| Vacant Housing Units | 608 ( 7.0%) |
| Median Home Value | $396,542 |
| Average Home Value | $531,826 |
Housing Distribution
Address Breakdown
Residential
8,256
Single Family
8,255
Multi-Family
1
Businesses
633
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