31 Bridle Path DrBarnardsvilleNC28709
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
Investment property for sale in Barnardsville at 31 Bridle Path Dr, Barnardsville, NC, 28709 offers a 7.43% rental yield on a $615,000 purchase with $3,809/mo rent. Total monthly income registers $3,809/mo, and a $3,010/mo payment leaves $61/mo available for distribution. Annual cash flow reaches $732/yr on $202,335 to close, and return on cash invested stands at 20.42% in year one. Equity gained on principal adds $3,969/yr while 5% annual appreciation supports $169,913 over five years. Portfolio math shows five-year ROI at 105.42% and total cumulative return in cash at $213,305. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,809/mo property income against a $3,010/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Marie Reed • Keller Williams Professionals Asheville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4282376