400 Will Hyatt RdWaynesvilleNC28786
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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 400 Will Hyatt Rd, Waynesville, NC, 28786 priced at $405,000 converts $2,633/mo rent into $165/mo cash flow after a $1,982/mo obligation. Total monthly income equals $2,633/mo, and annual cash flow totals $1,980/yr on $134,258 invested. Return on cash invested prints 21.38% in year one, and rental yield reads 7.8% against a $405,000 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation compiles into $111,894 by year five. Five-year ROI reaches 110.61% and total cumulative return in cash sums $148,502. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,633/mo property income covering a $1,982/mo payment, not borrower’s personal income.
Single Family
Built in 1952
2.55 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: Ginny Mosteller • Better Homes and Gardens Real Estate Heritage
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325359