1229 Lightning Cross RoadBoonvilleNC27011
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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 Boonville at 1229 Lightning Cross Road, Boonville, NC, 27011 earns $349/mo cash flow from $1,562/mo rent with a $974/mo payment. Total monthly income totals $1,562/mo, and annual cash flow totals $4,190/yr on $65,969 capital. ROI tracks 26.26% on current figures, and rental yield reads 9.42% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 136.84% and total cumulative return in cash sums $90,270. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,562/mo property income instead of your personal income.
Manufactured
Built in 1993
1.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27011, Boonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,593 (100%) |
| Owner Occupied HU | 1,812 (69.9%) |
| Renter Occupied HU | 553 (21.3%) |
| Vacant Housing Units | 228 ( 8.8%) |
| Median Home Value | $184,218 |
| Average Home Value | $208,744 |
Housing Distribution
Address Breakdown
Residential
2,180
Single Family
2,152
Multi-Family
28
Businesses
105
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Listed by: Robert Poole • Keller Williams Elite
Mls Name: High Country AOR
Mls ID: #257994