112 Bills Creek RdLake 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
Investment property for sale in Lake Lure at 112 Bills Creek Rd, Lake Lure, NC, 28746 listed at $299,000 pairs $2,246/mo rent with a $1,463/mo payment to leave $424/mo cash flow. Total monthly income runs $2,246/mo, and annual cash flow reaches $5,090/yr on $99,119 cash to close. Return on cash invested measures 25.04% in year one, and rental yield registers 9.01% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 130.29% and total cumulative return in cash totals $129,142. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,246/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
0.58 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: Marla Machado • Howard Hanna Beverly-Hanks, Lake Lure
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328272