160 Whitney Blvd #7Lake 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 160 Whitney Blvd #7, Lake Lure, NC, 28746 generates $803/mo in rent and, after a $489/mo payment, leaves $194/mo in cash flow. Total monthly income is $803/mo, and annual cash flow is $2,328/yr on $33,150 invested. Return on cash invested sits at 26.93% in year one, and rental yield is 9.64% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 140.32% and total cumulative return in cash sums $46,516. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $803/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A 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: Matthew Mubarak • EXP Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325895