39 Hemphill RdWaynesvilleNC28785
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 Waynesville at 39 Hemphill Rd, Waynesville, NC, 28785 priced at $250,000 converts $1,781/mo rent into $257/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,781/mo, and annual cash flow totals $3,084/yr on $82,875 invested. Return on cash invested prints 23.63% in year one, and rental yield reads 8.55% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 122.67% and total cumulative return in cash sums $101,662. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,781/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1940
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28785, Waynesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,364 (100%) |
| Owner Occupied HU | 3,217 (60.0%) |
| Renter Occupied HU | 682 (12.7%) |
| Vacant Housing Units | 1,465 (27.3%) |
| Median Home Value | $349,783 |
| Average Home Value | $420,626 |
Housing Distribution
Address Breakdown
Residential
4,535
Single Family
4,535
Multi-Family
0
Businesses
107
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Listed by: Sarah Corn • Keller Williams Great Smokies
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326345