35 Glenview PlArdenNC28704
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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 Arden at 35 Glenview Pl, Arden, NC, 28704 uses $87,848 cash to close to unlock $1,932/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $1,776/mo, and a $1,297/mo payment keeps the spread at $161/mo. Purchase price stands at $265,000, and rental yield measures 8.04% with $1,776/mo rent. Return on cash invested shows 22.11% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 114.49% and total cumulative return in cash records $100,575. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,776/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
0.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28704, Arden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,283 (100%) |
| Owner Occupied HU | 6,564 (49.4%) |
| Renter Occupied HU | 5,409 (40.7%) |
| Vacant Housing Units | 1,310 ( 9.9%) |
| Median Home Value | $460,403 |
| Average Home Value | $610,342 |
Housing Distribution
Address Breakdown
Residential
12,048
Single Family
9,990
Multi-Family
2,058
Businesses
976
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Listed by: Andrew Lanteri • Nest Realty Asheville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4291948