128 Sullivan 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 128 Sullivan Ln, Lake Lure, NC, 28746 priced at $649,900 pairs $2,322/mo rent with after a $3,181/mo payment. Total monthly income equals $2,322/mo. Return on cash invested is 10.86% in year one, and rental yield stands at 4.29% on a $649,900 basis. Equity gained on principal adds $4,194/yr, and 5% annual appreciation accumulates to $179,555 by year five. Five-year ROI measures 54.18% and total cumulative return in cash reaches $115,854. For financing, Ziffy Mortgage’s DSCR program evaluates $2,322/mo property income against a $3,181/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
0.65 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: Michael Zerressen • Rumbling Bald Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327732