98 Clarks Chapel RdWeavervilleNC28787
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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 Weaverville at 98 Clarks Chapel Rd, Weaverville, NC, 28787 uses $152,159 cash to close to unlock $5,246/yr annual cash flow and $437/mo monthly cash flow. Total monthly income runs $3,235/mo, and a $2,247/mo payment keeps the spread at $437/mo. Purchase price stands at $459,000, and rental yield measures 8.46% with $3,235/mo rent. Return on cash invested shows 23.36% in year one, and 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 121.22% and total cumulative return in cash records $184,451. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,235/mo property income covering a $2,247/mo payment rather than investor’s personal income.
Single Family
Built in 1991
0.64 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: William Morrison • EXP Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4312490