43 Pike PointWaynesvilleNC28785
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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
Investment property for sale in Waynesville at 43 Pike Point, Waynesville, NC, 28785 uses $58,013 cash to close to unlock $4,320/yr annual cash flow and $360/mo monthly cash flow. Total monthly income runs $1,427/mo, and a $857/mo payment keeps the spread at $360/mo. Purchase price stands at $175,000, and rental yield measures 9.79% with $1,427/mo rent. Return on cash invested shows 27.36% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 142.66% and total cumulative return in cash records $82,759. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,427/mo property income covering a $857/mo payment rather than investor’s personal income.
Manufactured
Built in 2002
0.07 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: Ron Rosendahl • Mountain Creek Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4097952