8 Owlet DrWeavervilleNC28787
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 Weaverville at 8 Owlet Dr, Weaverville, NC, 28787 priced at $350,000 converts $2,422/mo rent into $289/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,422/mo, and annual cash flow totals $3,468/yr on $116,025 invested. Return on cash invested prints 22.9% in year one, and rental yield reads 8.3% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 118.73% and total cumulative return in cash sums $137,762. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,422/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1975
1.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28787, Weaverville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,985 (100%) |
| Owner Occupied HU | 7,663 (69.8%) |
| Renter Occupied HU | 2,359 (21.5%) |
| Vacant Housing Units | 963 ( 8.8%) |
| Median Home Value | $456,864 |
| Average Home Value | $531,399 |
Housing Distribution
Address Breakdown
Residential
10,632
Single Family
10,452
Multi-Family
180
Businesses
619
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Listed by: Ada Dudenhoeffer • Local Roots Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332092