129 Bunny Lane #E1BooneNC28607
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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 Boone at 129 Bunny Lane #E1, Boone, NC, 28607 generates $2,005/mo in rent and, after a $1,463/mo payment, leaves $48/mo in cash flow. Total monthly income is $2,005/mo, and annual cash flow is $578/yr on $99,119 invested. Return on cash invested sits at 20.49% in year one, and rental yield is 8.05% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 106.48% and total cumulative return in cash sums $105,538. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,005/mo property income rather than buyer’s personal income.
Townhouse
Built in 1988
2,613 sqft lot
$N/A/sqft
$135 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28607, Boone, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,926 (100%) |
| Owner Occupied HU | 6,552 (36.6%) |
| Renter Occupied HU | 7,209 (40.2%) |
| Vacant Housing Units | 4,165 (23.2%) |
| Median Home Value | $371,926 |
| Average Home Value | $477,239 |
Housing Distribution
Address Breakdown
Residential
14,796
Single Family
13,405
Multi-Family
1,391
Businesses
1,773
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Listed by: Will Buckner • Gray Buckner Real Estate LLC
Mls Name: High Country AOR
Mls Provider:
Mls ID: #258414
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.