2160 Valle CayVilasNC28692
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 2160 Valle Cay, Vilas, NC, 28692 in Vilas fits: $1,350,000, 4.38% gross yield, and a projected 5% annual appreciation rate adding $372,980 in value within five years. Rental yield 4.38%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.79) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $12,434/yr in principal paydown and $372,980 in appreciation project a total return of $277,945.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 6.2% |
| Monthly Cash Flow | $(3,522) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,802 |
| Total Monthly Debt Service | $7,907 |
| DSCR Ratio | 0.61x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2005
1.65 Acres lot
$N/A/sqft
$2,600 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2005
1.65 Acres lot
$N/A/sqft
$2,600 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: William Kelly • Allen Tate Real Estate - Blowing Rock
Mls Name: High Country AOR
Mls Provider:
Mls ID: #255794
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.