207 Cherrybrook LaneBooneNC28607
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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 207 Cherrybrook Lane, Boone, NC, 28607 at $599,000 posts ROI 19.6% with from $3,575/mo rent. Total monthly income equals $3,575/mo. Return on cash invested measures 19.6% and rental yield reads 7.16% at the current $599,000. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 by year five. Five-year ROI prints 101.04% and total cumulative return in cash totals $199,114. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,575/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1957
0.32 Acres 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: Mike Quinto • Keller Williams High Country
Mls Name: High Country AOR
Mls ID: #257345