148 Shuck Pen Ridge RoadVilasNC28692
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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 Vilas at 148 Shuck Pen Ridge Road, Vilas, NC, 28692 priced at $1,529,000 converts $5,051/mo rent into after a $7,484/mo obligation. Total monthly income equals $5,051/mo. Return on cash invested prints 10.03% in year one, and rental yield reads 3.96% against a $1,529,000 entry. Equity gained on principal adds $9,866/yr, while 5% annual appreciation compiles into $422,435 by year five. Five-year ROI reaches 49.66% and total cumulative return in cash sums $245,996. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,051/mo property income covering a $7,484/mo payment, not borrower’s personal income.
Single Family
Built in 2015
1.14 Acres 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: Margaret Holder • Keller Williams High Country
Mls Name: High Country AOR
Mls ID: #257251