43 Redden RdHendersonvilleNC28739
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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 Hendersonville at 43 Redden Rd, Hendersonville, NC, 28739 uses $124,313 cash to close to unlock $2,292/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $2,476/mo, and a $1,835/mo payment keeps the spread at $191/mo. Purchase price stands at $375,000, and rental yield measures 7.92% with $2,476/mo rent. Return on cash invested shows 21.75% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 112.59% and total cumulative return in cash records $139,959. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,476/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28739, Hendersonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,990 (100%) |
| Owner Occupied HU | 8,107 (67.6%) |
| Renter Occupied HU | 2,164 (18.0%) |
| Vacant Housing Units | 1,719 (14.3%) |
| Median Home Value | $453,982 |
| Average Home Value | $545,676 |
Housing Distribution
Address Breakdown
Residential
10,599
Single Family
10,182
Multi-Family
417
Businesses
282
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Listed by: Billy Joe McCoy • RE/MAX Land of the Waterfalls
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330221