516 River Oaks DrHayesvilleNC28904
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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 Hayesville at 516 River Oaks Dr, Hayesville, NC, 28904 priced at $675,000 pairs $3,307/mo rent with after a $3,304/mo payment. Total monthly income equals $3,307/mo. Return on cash invested is 15.7% in year one, and rental yield stands at 5.88% on a $675,000 basis. Equity gained on principal adds $4,356/yr, and 5% annual appreciation accumulates to $186,490 by year five. Five-year ROI measures 80.11% and total cumulative return in cash reaches $177,903. For financing, Ziffy Mortgage’s DSCR program evaluates $3,307/mo property income against a $3,304/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28904, Hayesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,753 (100%) |
| Owner Occupied HU | 3,559 (52.7%) |
| Renter Occupied HU | 944 (14.0%) |
| Vacant Housing Units | 2,250 (33.3%) |
| Median Home Value | $409,328 |
| Average Home Value | $448,304 |
Housing Distribution
Address Breakdown
Residential
5,072
Single Family
5,072
Multi-Family
0
Businesses
430
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Listed by: Lawrence McNabb • McNabb Properties, Inc.
Mls Name: Mountain Lakes BOR
Mls ID: #154145