1 Lynx Dr #CBlack MountainNC28711
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 Black Mountain at 1 Lynx Dr #C, Black Mountain, NC, 28711 offers $2,954/mo rent that, after a $1,713/mo payment, leaves $821/mo cash flow. Total monthly income is $2,954/mo, and annual cash flow is $9,852/yr on $116,025 cash. Return on cash invested measures 28.4% in year one, and rental yield stands at 10.13% at a $350,000 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,699 by year five. Five-year ROI records 148.23% and total cumulative return in cash reaches $171,986. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,954/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28711, Black Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,280 (100%) |
| Owner Occupied HU | 4,528 (54.7%) |
| Renter Occupied HU | 1,930 (23.3%) |
| Vacant Housing Units | 1,822 (22.0%) |
| Median Home Value | $443,269 |
| Average Home Value | $495,702 |
Housing Distribution
Address Breakdown
Residential
6,885
Single Family
6,549
Multi-Family
336
Businesses
637
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eddie Colley • Keller Williams - Black Mtn.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320026