110 Harper Valley LnLake 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
Rental property for sale in Lake Lure at 110 Harper Valley Ln, Lake Lure, NC, 28746 offers $1,435/mo rent that, after a $905/mo payment, leaves $308/mo cash flow. Total monthly income is $1,435/mo, and annual cash flow is $3,696/yr on $61,328 cash. Return on cash invested measures 25.94% in year one, and rental yield stands at 9.31% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 135.02% and total cumulative return in cash reaches $82,803. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,435/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1992
1.27 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: David Caulder • Caulder Realty & Land Co.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307587