56 Kentucky AveWaynesvilleNC28786
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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 Waynesville at 56 Kentucky Ave, Waynesville, NC, 28786 priced at $280,000 converts $2,165/mo rent into $459/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,165/mo, and annual cash flow totals $5,508/yr on $92,820 invested. Return on cash invested prints 25.84% in year one, and rental yield reads 9.28% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 134.51% and total cumulative return in cash sums $124,857. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,165/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.22 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
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Listed by: Rachel Brown • Keller Williams Professionals
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4296325