200 Pilgrims Way UNIT 1BooneNC28607
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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 200 Pilgrims Way UNIT 1, Boone, NC, 28607 priced at $295,000 converts $1,940/mo rent into after a $1,444/mo obligation. Total monthly income equals $1,940/mo. Return on cash invested prints 18.95% in year one, and rental yield reads 7.89% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 98.55% and total cumulative return in cash sums $96,374. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,940/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$220 monthly 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: Terri Boyer • Keller Williams High Country
Mls Name: High Country AOR
Mls Provider:
Mls ID: #254012
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.