70 Midnight LnWaynesvilleNC28786
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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 Waynesville at 70 Midnight Ln, Waynesville, NC, 28786 listed at $685,750 pairs $3,499/mo rent with a $3,356/mo payment. Total monthly income runs $3,499/mo. Return on cash invested measures 16.44% in year one, and rental yield registers 6.12% at a $685,750 basis. Equity gained on principal adds $4,425/yr, and annual property appreciation at 5% supports $189,460 by year five. Five-year ROI tracks 84.11% and total cumulative return in cash totals $189,762. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,499/mo property income relative to a $3,356/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
1.67 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: Trish Luzzi • Engel & Vlkers Foothills Longtown
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4318397