85 Garnet Spring LnWaynesvilleNC28785
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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 85 Garnet Spring Ln, Waynesville, NC, 28785 priced at $695,000 converts $2,400/mo rent into after a $3,402/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 10.42% in year one, and rental yield reads 4.14% against a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation compiles into $192,016 by year five. Five-year ROI reaches 51.82% and total cumulative return in cash sums $118,482. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $3,402/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28785, Waynesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,364 (100%) |
| Owner Occupied HU | 3,217 (60.0%) |
| Renter Occupied HU | 682 (12.7%) |
| Vacant Housing Units | 1,465 (27.3%) |
| Median Home Value | $349,783 |
| Average Home Value | $420,626 |
Housing Distribution
Address Breakdown
Residential
4,535
Single Family
4,535
Multi-Family
0
Businesses
107
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Listed by: Suzy Bernardi • Keller Williams Great Smokies
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314624