502 Live Oak LnHendersonvilleNC28791
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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 502 Live Oak Ln, Hendersonville, NC, 28791 uses $116,025 cash to close to unlock $7,260/yr annual cash flow and $605/mo monthly cash flow. Total monthly income runs $2,738/mo, and a $1,713/mo payment keeps the spread at $605/mo. Purchase price stands at $350,000, and rental yield measures 9.39% with $2,738/mo rent. Return on cash invested shows 26.17% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 136.27% and total cumulative return in cash records $158,102. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,738/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28791, Hendersonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,366 (100%) |
| Owner Occupied HU | 5,375 (73.0%) |
| Renter Occupied HU | 1,393 (18.9%) |
| Vacant Housing Units | 598 ( 8.1%) |
| Median Home Value | $435,268 |
| Average Home Value | $481,838 |
Housing Distribution
Address Breakdown
Residential
6,759
Single Family
6,680
Multi-Family
79
Businesses
383
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Listed by: Dee Gambrell • BluAxis Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4318274