1029 Rainbow CirLake LureNC28746
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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
Total monthly income runs $3,475/mo, and a $4,895/mo payment. Purchase price stands at $1,000,000, and rental yield measures 4.17% with $3,475/mo rent. Return on cash invested shows 10.5% in year one, and 5% annual appreciation builds toward $276,282 over five years. Five-year ROI reaches 52.25% and total cumulative return in cash records $171,892. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,475/mo property income covering a $4,895/mo payment rather than investor’s personal income.
Single Family
Built in 2015
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28746, Lake Lure, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,542 (100%) |
| Owner Occupied HU | 1,186 (33.5%) |
| Renter Occupied HU | 219 ( 6.2%) |
| Vacant Housing Units | 2,137 (60.3%) |
| Median Home Value | $441,148 |
| Average Home Value | $561,153 |
Housing Distribution
Address Breakdown
Residential
2,230
Single Family
2,230
Multi-Family
0
Businesses
128
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Listed by: Galen Walter • LPT Realty, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4294592