939 Mountain Lake DrWaynesvilleNC28785
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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 939 Mountain Lake Dr, Waynesville, NC, 28785 earns $30/mo cash flow from $2,011/mo rent with a $1,591/mo payment. Total monthly income totals $2,011/mo, and annual cash flow totals $360/yr on $107,738 capital. ROI tracks 20.24% on current figures, and rental yield reads 7.43% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 104.5% and total cumulative return in cash sums $112,585. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,011/mo property income instead of your personal income.
Single Family
Built in 1993
0.75 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: Jennifer Campbell-Overbeeke • Premier Sothebys International Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301725