116 Chalet 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 116 Chalet Rd, Lake Lure, NC, 28746 earns from $2,195/mo rent with a $1,933/mo payment. Total monthly income totals $2,195/mo. ROI tracks 17.97% on current figures, and rental yield reads 6.67% at a $395,000 purchase. Equity gained on principal adds $2,549/yr, and 5% annual appreciation supports $109,131 over five years. Five-year ROI reaches 92.29% and total cumulative return in cash sums $120,846. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,195/mo property income instead of your personal income.
Single Family
Built in 1988
0.35 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: Jenn Saltouros • Howard Hanna Beverly-Hanks, Lake Lure
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4277380