31 Bridle Path DrBarnardsvilleNC28709
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 31 Bridle Path Dr, Barnardsville, NC, 28709 in Barnardsville worth modelling. At $615,000 with a 7.43% gross yield, the $3,809/mo rent leaves $61/mo after the $2,765/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.38 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $169,913 by year five; $5,664/yr in principal reduction adds further equity. Total projected return: $236,870.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 6.2% |
| Monthly Cash Flow | $61 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,809 |
| Total Monthly Debt Service | $3,503 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1995
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28709, Barnardsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,127 (100%) |
| Owner Occupied HU | 741 (65.7%) |
| Renter Occupied HU | 202 (17.9%) |
| Vacant Housing Units | 184 (16.3%) |
| Median Home Value | $341,667 |
| Average Home Value | $348,526 |
Housing Distribution
Address Breakdown
Residential
861
Single Family
861
Multi-Family
0
Businesses
50
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
Single Family
Built in 1995
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28709, Barnardsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,127 (100%) |
| Owner Occupied HU | 741 (65.7%) |
| Renter Occupied HU | 202 (17.9%) |
| Vacant Housing Units | 184 (16.3%) |
| Median Home Value | $341,667 |
| Average Home Value | $348,526 |
Housing Distribution
Address Breakdown
Residential
861
Single Family
861
Multi-Family
0
Businesses
50
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marie Reed • Keller Williams Professionals Asheville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4282376