31 Bage StWaynesvilleNC28786
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 31 Bage St, Waynesville, NC, 28786 priced at $399,000 converts $2,224/mo rent into after a $1,953/mo obligation. Total monthly income equals $2,224/mo. Return on cash invested prints 18.02% in year one, and rental yield reads 6.69% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 92.63% and total cumulative return in cash sums $122,522. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,224/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Townhouse
Built in 2001
0.04 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jaci Reynolds • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331607