177 Lake DrToptonNC28781
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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 Topton at 177 Lake Dr, Topton, NC, 28781 priced at $975,000 converts $4,437/mo rent into after a $4,772/mo obligation. Total monthly income equals $4,437/mo. Return on cash invested prints 14.15% in year one, and rental yield reads 5.46% against a $975,000 entry. Equity gained on principal adds $6,292/yr, while 5% annual appreciation compiles into $269,375 by year five. Five-year ROI reaches 71.89% and total cumulative return in cash sums $230,607. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,437/mo property income covering a $4,772/mo payment, not borrower’s personal income.
Single Family
Built in 1993
0.62 Acres lot
$N/A/sqft
$900 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28781, Topton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,008 (100%) |
| Owner Occupied HU | 313 (31.1%) |
| Renter Occupied HU | 63 ( 6.2%) |
| Vacant Housing Units | 632 (62.7%) |
| Median Home Value | $316,071 |
| Average Home Value | $356,669 |
Housing Distribution
Address Breakdown
Residential
671
Single Family
611
Multi-Family
60
Businesses
28
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Listed by: Lucretia Collins Team • REMAX Town & Country - Downtown Blairsville
Mls Name: NGBOR
Mls ID: #416002