190 ChestnutBooneNC28607
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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 Boone at 190 Chestnut, Boone, NC, 28607 priced at $549,900 converts $4,108/mo rent into $757/mo cash flow after a $2,691/mo obligation. Total monthly income equals $4,108/mo, and annual cash flow totals $9,085/yr on $180,917 invested. Return on cash invested prints 25.08% in year one, and rental yield reads 8.96% against a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation compiles into $151,927 by year five. Five-year ROI reaches 130.45% and total cumulative return in cash sums $236,006. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,108/mo property income covering a $2,691/mo payment, not borrower’s personal income.
Single Family
Built in 1967
7,405 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: Jonathan Lehman • Keller Williams High Country
Mls Name: High Country AOR
Mls Provider:
Mls ID: #251594
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.