183 Moonlight Ridge Road UNIT 1ABooneNC28607
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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 183 Moonlight Ridge Road UNIT 1A, Boone, NC, 28607 at $420,000 posts ROI 20.07% with $19/mo cash flow from $2,929/mo rent. Total monthly income equals $2,929/mo, and annual cash flow records $228/yr on $139,230 to close. Return on cash invested measures 20.07% and rental yield reads 8.37% at the current $420,000. Equity gained on principal adds $2,710/yr, and 5% annual appreciation supports $116,038 by year five. Five-year ROI prints 104.68% and total cumulative return in cash totals $145,747.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,929/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2000
N/A lot
$N/A/sqft
$1,050 quarterly 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: Kim Striker • Realty One Group Results-Boone
Mls Name: High Country AOR
Mls Provider:
Mls ID: #252352
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.