32 Lake Eden CirBlack MountainNC28711
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 Black Mountain at 32 Lake Eden Cir, Black Mountain, NC, 28711 uses $71,273 cash to close to unlock $2,340/yr annual cash flow and $195/mo monthly cash flow. Total monthly income runs $1,505/mo, and a $1,052/mo payment keeps the spread at $195/mo. Purchase price stands at $215,000, and rental yield measures 8.4% with $1,505/mo rent. Return on cash invested shows 23.19% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 120.32% and total cumulative return in cash records $85,753. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,505/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Manufactured
Built in 1986
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28711, Black Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,280 (100%) |
| Owner Occupied HU | 4,528 (54.7%) |
| Renter Occupied HU | 1,930 (23.3%) |
| Vacant Housing Units | 1,822 (22.0%) |
| Median Home Value | $443,269 |
| Average Home Value | $495,702 |
Housing Distribution
Address Breakdown
Residential
6,885
Single Family
6,549
Multi-Family
336
Businesses
637
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen Black • Nest Realty Asheville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4264861