38 Lilac Fields WayArdenNC28704
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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
Rental property for sale in Arden at 38 Lilac Fields Way, Arden, NC, 28704 generates $3,071/mo in rent and, after a $1,728/mo payment, leaves $919/mo in cash flow. Total monthly income is $3,071/mo, and annual cash flow is $11,033/yr on $117,016 invested. Return on cash invested sits at 29.34% in year one, and rental yield is 10.44% on a $352,990 entry. Equity gained on principal adds $2,278/yr, while 5% annual appreciation builds toward $97,525 over five years. Five-year ROI reaches 153.3% and total cumulative return in cash sums $179,381. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,071/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A 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: Whitney Thompson • D.R. Horton - Asheville
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A