391 Knollwood DrWaynesvilleNC28786
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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 Waynesville at 391 Knollwood Dr, Waynesville, NC, 28786 priced at $699,000 converts $3,926/mo rent into after a $3,421/mo obligation. Total monthly income equals $3,926/mo. Return on cash invested prints 18.32% in year one, and rental yield reads 6.74% against a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation compiles into $193,121 by year five. Five-year ROI reaches 94.17% and total cumulative return in cash sums $216,554. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,926/mo property income covering a $3,421/mo payment, not borrower’s personal income.
Single Family
Built in 1997
1.15 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: Toby Davis • RE/MAX Results
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4285526