1077 Chestnut Ridge TrailSeven DevilsNC28604
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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 Seven Devils at 1077 Chestnut Ridge Trail, Seven Devils, NC, 28604 listed at $735,000 pairs $5,279/mo rent with a $3,597/mo payment to leave $800/mo cash flow. Total monthly income runs $5,279/mo, and annual cash flow reaches $9,600/yr on $241,815 cash to close. Return on cash invested measures 24.03% in year one, and rental yield registers 8.62% at a $735,000 basis. Equity gained on principal adds $4,743/yr, and annual property appreciation at 5% supports $203,067 by year five. Five-year ROI tracks 124.78% and total cumulative return in cash totals $301,728. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,279/mo property income relative to a $3,597/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28604, Banner Elk, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,910 (100%) |
| Owner Occupied HU | 2,452 (24.7%) |
| Renter Occupied HU | 743 ( 7.5%) |
| Vacant Housing Units | 6,715 (67.8%) |
| Median Home Value | $382,801 |
| Average Home Value | $471,902 |
Housing Distribution
Address Breakdown
Residential
6,320
Single Family
5,791
Multi-Family
529
Businesses
455
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Listed by: Ben McKay • Allen Tate Realtors Boone
Mls Name: High Country AOR
Mls Provider:
Mls ID: #254549
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.