55 Woodland DrWaynesvilleNC28786
Nearby investment properties with comparable rents
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
Rental property for sale in Waynesville at 55 Woodland Dr, Waynesville, NC, 28786 priced at $355,500 converts $2,315/mo rent into $148/mo cash flow after a $1,740/mo obligation. Total monthly income equals $2,315/mo, and annual cash flow totals $1,781/yr on $117,848 invested. Return on cash invested prints 21.42% in year one, and rental yield reads 7.81% against a $355,500 entry. Equity gained on principal adds $2,294/yr, while 5% annual appreciation compiles into $98,218 by year five. Five-year ROI reaches 110.85% and total cumulative return in cash sums $130,633. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,315/mo property income covering a $1,740/mo payment, not borrower’s personal income.
Single Family
Built in 1923
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28786, Waynesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,175 (100%) |
| Owner Occupied HU | 6,981 (57.3%) |
| Renter Occupied HU | 3,128 (25.7%) |
| Vacant Housing Units | 2,066 (17.0%) |
| Median Home Value | $297,270 |
| Average Home Value | $346,300 |
Housing Distribution
Address Breakdown
Residential
11,130
Single Family
10,582
Multi-Family
548
Businesses
1,261
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A