180 Gateway Drive #301BooneNC28607
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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
Total monthly income runs $2,431/mo, and a $2,697/mo payment. Purchase price stands at $551,000, and rental yield measures 5.29% with $2,431/mo rent. Return on cash invested shows 13.92% in year one, and 5% annual appreciation builds toward $152,231 over five years. Five-year ROI reaches 70.58% and total cumulative return in cash records $127,944. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,431/mo property income covering a $2,697/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A 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: William Aceto • Blue Ridge Realty & Inv. Boone
Mls Name: High Country AOR
Mls ID: #259455