114 Birddog BlvdLake LureNC28746
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 Lake Lure at 114 Birddog Blvd, Lake Lure, NC, 28746 priced at $399,500 converts $2,443/mo rent into $9/mo cash flow after a $1,955/mo obligation. Total monthly income equals $2,443/mo, and annual cash flow totals $103/yr on $132,434 invested. Return on cash invested prints 19.99% in year one, and rental yield reads 7.34% against a $399,500 entry. Equity gained on principal adds $2,578/yr, while 5% annual appreciation compiles into $110,374 by year five. Five-year ROI reaches 103.14% and total cumulative return in cash sums $136,599. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,443/mo property income covering a $1,955/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.78 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: #4320713