531 Courtwood Ln #2HendersonvilleNC28739
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Nearby investment properties with comparable prices
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 531 Courtwood Ln #2, Hendersonville, NC, 28739 offers a 8% rental yield on a $199,000 purchase with $1,327/mo rent. Total monthly income registers $1,327/mo, and a $974/mo payment leaves $114/mo available for distribution. Annual cash flow reaches $1,370/yr on $65,969 to close, and return on cash invested stands at 21.99% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 113.92% and total cumulative return in cash at $75,150. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,327/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A 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: Julie Mallett • Howard Hanna Beverly-Hanks
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326843