475 S Church StHendersonvilleNC28792
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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 475 S Church St, Hendersonville, NC, 28792 with 5% annual appreciation on a $320,000 basis while $2,219/mo rent supports operations. Total monthly income totals $2,219/mo and a $1,566/mo payment preserves $269/mo for cash returns. Annual cash flow comes to $3,228/yr on $106,080 deployed, and return on cash invested reaches 22.95% in year one. Equity gained on principal adds $2,065/yr, and five-year appreciation sums $88,410 alongside rental yield of 8.32%. Five-year ROI measures 119.02% and total cumulative return in cash totals $126,255.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,219/mo property income versus a $1,566/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2005
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28792, Hendersonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,631 (100%) |
| Owner Occupied HU | 10,436 (56.0%) |
| Renter Occupied HU | 5,775 (31.0%) |
| Vacant Housing Units | 2,420 (13.0%) |
| Median Home Value | $330,632 |
| Average Home Value | $370,895 |
Housing Distribution
Address Breakdown
Residential
16,922
Single Family
15,291
Multi-Family
1,631
Businesses
1,395
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Listed by: Barbara Bricker • New View Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4290440