308 Grimball DrWaynesvilleNC28786
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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 Waynesville at 308 Grimball Dr, Waynesville, NC, 28786 offers $3,300/mo rent that, after a $2,198/mo payment, leaves $563/mo cash flow. Total monthly income is $3,300/mo, and annual cash flow is $6,758/yr on $148,844 cash. Return on cash invested measures 24.45% in year one, and rental yield stands at 8.82% at a $449,000 entry. Equity gained on principal adds $2,897/yr while 5% annual appreciation compounds into $124,050 by year five. Five-year ROI records 127.09% and total cumulative return in cash reaches $189,160. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,300/mo property income versus a $2,198/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28786, Waynesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,175 (100%) |
| Owner Occupied HU | 6,981 (57.3%) |
| Renter Occupied HU | 3,128 (25.7%) |
| Vacant Housing Units | 2,066 (17.0%) |
| Median Home Value | $297,270 |
| Average Home Value | $346,300 |
Housing Distribution
Address Breakdown
Residential
11,130
Single Family
10,582
Multi-Family
548
Businesses
1,261
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Listed by: Amanda Hill • Howard Hanna Beverly-Hanks Waynesville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334649