38 Laurelwood LnWaynesvilleNC28786
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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
Total monthly income runs $2,516/mo, and a $3,544/mo payment. Purchase price stands at $724,000, and rental yield measures 4.17% with $2,516/mo rent. Return on cash invested shows 10.5% in year one, and 5% annual appreciation builds toward $200,028 over five years. Five-year ROI reaches 52.26% and total cumulative return in cash records $124,491. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,516/mo property income covering a $3,544/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28786, Waynesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,175 (100%) |
| Owner Occupied HU | 6,981 (57.3%) |
| Renter Occupied HU | 3,128 (25.7%) |
| Vacant Housing Units | 2,066 (17.0%) |
| Median Home Value | $297,270 |
| Average Home Value | $346,300 |
Housing Distribution
Address Breakdown
Residential
11,130
Single Family
10,582
Multi-Family
548
Businesses
1,261
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Listed by: Lyn Donley • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4338585