172 Morgan Place #58BooneNC28607
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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 Boone at 172 Morgan Place #58, Boone, NC, 28607 offers a 7.46% rental yield on a $472,500 purchase with $2,938/mo rent. Total monthly income registers $2,938/mo, and a $2,313/mo payment leaves $58/mo available for distribution. Annual cash flow reaches $696/yr on $156,634 to close, and return on cash invested stands at 20.35% in year one. Equity gained on principal adds $3,049/yr while 5% annual appreciation supports $130,543 over five years. Portfolio math shows five-year ROI at 105.08% and total cumulative return in cash at $164,594. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,938/mo property income against a $2,313/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2023
2,003 sqft lot
$N/A/sqft
No 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: Patrick Morgan • Keller Williams High Country
Mls Name: High Country AOR
Mls ID: #259131