611 Hiawassee AveBlack MountainNC28711
Nearby investment properties with comparable rents
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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 Black Mountain at 611 Hiawassee Ave, Black Mountain, NC, 28711 earns from $2,738/mo rent with a $3,756/mo payment. Total monthly income totals $2,738/mo. ROI tracks 10.84% on current figures, and rental yield reads 4.28% at a $767,300 purchase. Equity gained on principal adds $4,951/yr, and 5% annual appreciation supports $211,991 over five years. Five-year ROI reaches 54.09% and total cumulative return in cash sums $136,537. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,738/mo property income instead of your personal income.
Single Family
Built in 1938
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28711, Black Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,280 (100%) |
| Owner Occupied HU | 4,528 (54.7%) |
| Renter Occupied HU | 1,930 (23.3%) |
| Vacant Housing Units | 1,822 (22.0%) |
| Median Home Value | $443,269 |
| Average Home Value | $495,702 |
Housing Distribution
Address Breakdown
Residential
6,885
Single Family
6,549
Multi-Family
336
Businesses
637
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