140 Silo Ridge Lane #140VilasNC28692
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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 Vilas at 140 Silo Ridge Lane #140, Vilas, NC, 28692 earns $33/mo cash flow from $2,532/mo rent with a $2,007/mo payment. Total monthly income totals $2,532/mo, and annual cash flow totals $396/yr on $135,915 capital. ROI tracks 20.2% on current figures, and rental yield reads 7.41% at a $410,000 purchase. Equity gained on principal adds $2,646/yr, and 5% annual appreciation supports $113,275 over five years. Five-year ROI reaches 104.27% and total cumulative return in cash sums $141,719. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,532/mo property income instead of your personal income.
Townhouse
Built in 2005
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28692, Vilas, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,583 (100%) |
| Owner Occupied HU | 1,385 (53.6%) |
| Renter Occupied HU | 544 (21.1%) |
| Vacant Housing Units | 654 (25.3%) |
| Median Home Value | $324,499 |
| Average Home Value | $397,727 |
Housing Distribution
Address Breakdown
Residential
1,990
Single Family
1,990
Multi-Family
0
Businesses
90
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Listed by: Robin Lineberger • Realty One Group Results-Boone
Mls Name: High Country AOR
Mls ID: #258937