211 Forest Trail DrLake LureNC28139
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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 Lake Lure at 211 Forest Trail Dr, Lake Lure, NC, 28139 offers $3,230/mo rent that, after a $2,202/mo payment, leaves $488/mo cash flow. Total monthly income is $3,230/mo, and annual cash flow is $5,857/yr on $149,142 cash. Return on cash invested measures 23.84% in year one, and rental yield stands at 8.62% at a $449,900 entry. Equity gained on principal adds $2,903/yr while 5% annual appreciation compounds into $124,299 by year five. Five-year ROI records 123.8% and total cumulative return in cash reaches $184,630. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,230/mo property income versus a $2,202/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
3.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28139, Rutherfordton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,955 (100%) |
| Owner Occupied HU | 5,924 (66.2%) |
| Renter Occupied HU | 1,770 (19.8%) |
| Vacant Housing Units | 1,261 (14.1%) |
| Median Home Value | $272,538 |
| Average Home Value | $321,303 |
Housing Distribution
Address Breakdown
Residential
8,628
Single Family
8,517
Multi-Family
111
Businesses
633
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Listed by: Brent Washburn • Washburn Real Estate, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4267608