131 River EdgeLake 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 131 River Edge, Lake Lure, NC, 28746 priced at $599,000 pairs $3,916/mo rent with $265/mo cash flow after a $2,932/mo payment. Total monthly income equals $3,916/mo, and annual cash flow comes to $3,182/yr on $197,071 invested. Return on cash invested is 21.68% in year one, and rental yield stands at 7.85% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 112.17% and total cumulative return in cash reaches $221,062. For financing, Ziffy Mortgage’s DSCR program evaluates $3,916/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1983
0.51 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Erika Bradley • CENTURY 21 Mountain Lifestyles
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4315081