1980 Mountain Dale RoadVilasNC28692
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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 Vilas at 1980 Mountain Dale Road, Vilas, NC, 28692 uses $82,544 cash to close to unlock $2,258/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $1,706/mo, and a $1,219/mo payment keeps the spread at $188/mo. Purchase price stands at $249,000, and rental yield measures 8.22% with $1,706/mo rent. Return on cash invested shows 22.65% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 117.45% and total cumulative return in cash records $96,944. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,706/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28692, Vilas, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,583 (100%) |
| Owner Occupied HU | 1,385 (53.6%) |
| Renter Occupied HU | 544 (21.1%) |
| Vacant Housing Units | 654 (25.3%) |
| Median Home Value | $324,499 |
| Average Home Value | $397,727 |
Housing Distribution
Address Breakdown
Residential
1,990
Single Family
1,990
Multi-Family
0
Businesses
90
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Listed by: Justin Hackler • Boone Realty
Mls Name: High Country AOR
Mls ID: #257084