33 Lake Dr APT G8HendersonvilleNC28739
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 Hendersonville at 33 Lake Dr APT G8, Hendersonville, NC, 28739 priced at $249,000 converts $1,712/mo rent into $194/mo cash flow after a $1,219/mo obligation. Total monthly income equals $1,712/mo, and annual cash flow totals $2,330/yr on $82,544 invested. Return on cash invested prints 22.73% in year one, and rental yield reads 8.25% against a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation compiles into $68,794 by year five. Five-year ROI reaches 117.91% and total cumulative return in cash sums $97,328. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,712/mo property income covering a $1,219/mo payment, not borrower’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28739, Hendersonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,990 (100%) |
| Owner Occupied HU | 8,107 (67.6%) |
| Renter Occupied HU | 2,164 (18.0%) |
| Vacant Housing Units | 1,719 (14.3%) |
| Median Home Value | $453,982 |
| Average Home Value | $545,676 |
Housing Distribution
Address Breakdown
Residential
10,599
Single Family
10,182
Multi-Family
417
Businesses
282
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Listed by: Stacy Lewis • Keller Williams Mtn Partners, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327825