9 Riddle RdSwannanoaNC28778
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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 Swannanoa at 9 Riddle Rd, Swannanoa, NC, 28778 offers $1,590/mo rent that, after a $1,101/mo payment, leaves $219/mo cash flow. Total monthly income is $1,590/mo, and annual cash flow is $2,628/yr on $74,588 cash. Return on cash invested measures 23.43% in year one, and rental yield stands at 8.48% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 121.61% and total cumulative return in cash reaches $90,705. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,590/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28778, Swannanoa, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,807 (100%) |
| Owner Occupied HU | 3,106 (64.6%) |
| Renter Occupied HU | 1,185 (24.7%) |
| Vacant Housing Units | 516 (10.7%) |
| Median Home Value | $357,056 |
| Average Home Value | $382,510 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
4,804
Multi-Family
0
Businesses
303
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Nearby investment properties with comparable prices
Listed by: Hadley Goodman Cropp • Asheville Realty Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329684